Capri Holdings ( (CPRI) ) has released its Q2 earnings. Here is a breakdown of the information Capri Holdings presented to its investors.
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With the anticipated sale of Versace to Prada, Capri Holdings plans to focus on the growth of its Michael Kors and Jimmy Choo brands. The proceeds from the sale are intended to repay debt, enhancing the company’s financial position. Looking forward, Capri Holdings expects retail trends to improve in the latter half of fiscal 2026, positioning the company for growth in fiscal 2027, with optimism about the sustainable growth potential of its core brands.