LONDON--(BUSINESS WIRE)--
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, is hosting its 2025 Investor Day in New York
City today. In conjunction with the event, the Company is introducing long-term financial targets.
(Photo: Business Wire)
John D. Idol, the Company’s Chairman and Chief Executive Officer, said, “We are optimistic about the long-term
growth potential for Versace, Jimmy Choo and Michael Kors as we execute our strategic initiatives. Our powerful
brands have enduring value and proven resilience, reinforcing our confidence in their ability to deliver revenue
and earnings growth over time.”
Outlook
The following guidance is provided on an adjusted, non-GAAP basis. Financial results could differ materially from
the current outlook due to a number of external events which are not reflected in our guidance, including
changes in global macroeconomic conditions, greater than anticipated inflationary pressures or loss of consumer
confidence, and further considerable fluctuations in foreign currency exchange rates.
|
FY25E
|
FY26E
|
FY27E
|
FY28E
|
FUTURE
|
Total Revenue
|
$4.4B
|
$4.1B
|
$4.4B
|
$4.7B
|
$6.3B
|
Michael Kors Revenue
|
$3.0B
|
$2.75B
|
$3.0B
|
$3.2B
|
$4.0B
|
Versace Revenue
|
$810M
|
$800M
|
$850M
|
$900M
|
$1.5B
|
Jimmy Choo Revenue
|
$600M
|
$550M
|
$575M
|
$600M
|
$800M
|
Adjusted Operating Margin
|
2.3%
|
3.7%
|
HSD%
|
LDD%
|
High-Teen%
|
Michael Kors Operating Margin
|
LDD%
|
LDD%
|
Mid-Teen%
|
Mid-Teen%
|
Low-20%
|
Versace Operating Margin
|
(HSD)%
|
Break-Even
|
MSD%
|
HSD%
|
High-Teen%
|
Jimmy Choo Operating Margin
|
(LSD)%
|
Slightly Negative
|
LSD%
|
MSD%
|
LDD%
|
Investor Day Event Details
The event will begin at 1:00 p.m. ET today and is expected to conclude by 3:30 p.m. ET. A live video broadcast of
the event can be accessed on the Company’s Investor Relations website,
www.capriholdings.com. A replay will be available shortly after the
conclusion of the live event.
About Capri Holdings Limited
Capri Holdings is a global fashion luxury group consisting of iconic, founder-led brands Versace, Jimmy Choo and
Michael Kors. Our commitment to glamorous style and craftsmanship is at the heart of each of our luxury brands.
We have built our reputation on designing exceptional, innovative products that cover the full spectrum of
fashion luxury categories. Our strength lies in the unique DNA and heritage of each of our brands, the diversity
and passion of our people and our dedication to the clients and communities we serve. Capri Holdings Limited is
publicly listed on the New York Stock Exchange under the ticker CPRI.
Forward-Looking Statements
This press release contains statements which are, or may be deemed to be, “forward-looking statements.”
Forward-looking statements are prospective in nature and are not based on historical facts, but rather on
current expectations and projections of the management of Capri about future events and are therefore
subject to risks and uncertainties which could cause actual results to differ materially from the future
results expressed or implied by the forward-looking statements. All statements other than statements of
historical facts included herein, including our long-term financial targets, are forward-looking statements.
Without limitation, any statements preceded or followed by or that include the words “plans”, “believes”,
“expects”, “intends”, “will”, “should”, “could”, “would”, “may”, “anticipates”, “might” or similar words or
phrases, are forward-looking statements. Such forward-looking statements involve known and unknown risks and
uncertainties that could significantly affect expected results and are based on certain key assumptions,
which could cause actual results to differ materially from those projected or implied in any forward-looking
statements. These risks, uncertainties and other factors are identified in the Company's Annual Report on
Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-Kfiled with the Securities and
Exchange Commission. Please consult these documents for a more complete understanding of these risks and
uncertainties. Any forward-looking statement in this press release speaks only as of the date made and Capri
disclaims any obligation to update or revise any forward-looking or other statements contained herein other
than in accordance with legal and regulatory obligations.
Source: Capri Holdings Limited