olivLaw · US equity research
Capri Holdings Limited CPRI
Leather & Leather Products · SIC 3100 · Vertical: Leather products (SIC 31xx)
Capri Holdings is a fashion luxury group that owns the Michael Kors and Jimmy Choo brands across accessories, footwear and apparel. The current backdrop is difficult: revenue fell in fiscal 2026 to 3,474 million USD, and the company has lowered its fiscal 2027 revenue outlook to about 3.4 billion USD.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Capri Holdings Limited (CPRI) stock was 21.23 USD (+5.83% on the day), with market capitalisation 2.2 bn USD, P/E 12.0 on diluted EPS of 1.78 USD over the last 12 months, beta 1.76, 52-week range 12.71–27.66 USD. Latest reported quarter (Q2 2027): revenue of 809.0 m USD (−5.5% YoY), net income of 27.0 m USD, diluted EPS 0.25 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 81.1
- overbought (≥ 70)
- Bollinger (20, 2)
- 12.75 – 20.22
- above the upper band · %B 1.14 · band width 45.3%
- SMA 50 / 200
- 15.04 / 17.78
- mixed trend
- MACD (12, 26, 9)
- 1.26 / 0.71
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +46.5% | −1.1% | +47.6 pp | — |
| 3 months | +32.5% | −0.5% | +33.0 pp | — |
| 6 months | +10.1% | +4.4% | +5.7 pp | — |
| Year to date | −13.0% | +12.3% | −25.3 pp | — |
| 1 year | +2.5% | +13.5% | −11.0 pp | +14.7% |
| 3 years | −58.4% | +76.4% | −134.8 pp | +12.1% |
| 5 years | −67.5% | +63.7% | −131.2 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2027 · 26 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.1 bn | 827.0 m | 797.0 m | 856.0 m | 1.0 bn | 796.0 m | 769.0 m | 809.0 m |
| Cost of revenue | 394.0 m | 332.0 m | 295.0 m | 334.0 m | 402.0 m | 280.0 m | 269.0 m | 297.0 m |
| Gross profit | 674.0 m | 495.0 m | 502.0 m | 522.0 m | 623.0 m | 516.0 m | 500.0 m | 512.0 m |
| SG&A | 537.0 m | 473.0 m | 455.0 m | 481.0 m | 535.0 m | 493.0 m | 451.0 m | 459.0 m |
| Operating income | 26.0 m | -57.0 m | 16.0 m | -12.0 m | 46.0 m | -27.0 m | 17.0 m | 10.0 m |
| Depreciation & amortisation | 32.0 m | 33.0 m | 30.0 m | 30.0 m | 30.0 m | 31.0 m | 29.0 m | 30.0 m |
| Pre-tax income | 19.0 m | -47.0 m | 40.0 m | 2.0 m | 55.0 m | 10.0 m | 52.0 m | 44.0 m |
| Income tax | 13.0 m | 532.0 m | -16.0 m | 36.0 m | -2.0 m | 9.0 m | -18.0 m | 17.0 m |
| Net income | -547.0 m | -645.0 m | 53.0 m | -28.0 m | 116.0 m | -4.0 m | 69.0 m | 27.0 m |
| Diluted EPS | -4.61 | -5.49 ≈ | 0.44 | -0.22 | 0.96 | -0.03 ≈ | 0.60 | 0.25 |
| Operating cash flow | 309.0 m ≈ | -161.0 m | -8.0 m | -52.0 m ≈ | 202.0 m ≈ | -65.0 m | 73.0 m | 51.0 m ≈ |
| Capex | 22.0 m ≈ | 16.0 m | 13.0 m | 13.0 m ≈ | 19.0 m ≈ | 18.0 m | 25.0 m | 15.0 m ≈ |
| Share repurchases | 0 ≈ | 0 | 1.0 m | 1.0 m ≈ | 0 ≈ | 79.0 m | 54.0 m | 150.0 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 44 percentile of its own 27-quarter history (min 6.8, median 13.0, max 28.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.2 bn | 5.6 bn | 4.1 bn | 5.7 bn | 5.6 bn | 4.1 bn | 3.6 bn | 3.5 bn |
| Revenue YoY | +11.0% | +6.0% | −26.9% | +39.3% | −0.6% | −26.3% | −12.5% | −4.1% |
| Net income | 543.0 m | -223.0 m | -62.0 m | 822.0 m | 616.0 m | -229.0 m | -1.2 bn | 137.0 m |
| Net income YoY | −8.3% | −141.1% | unavailable | unavailable | −25.1% | −137.2% | unavailable | unavailable |
| Diluted EPS | 3.58 | -1.48 | -0.41 | 5.39 | 4.60 | -1.96 | -10.00 | 1.14 |
| Diluted EPS YoY | −6.3% | −141.3% | unavailable | unavailable | −14.7% | −142.6% | unavailable | unavailable |
| net % | 10.4% | -4.0% | -1.5% | 14.5% | 11.0% | -5.5% | -32.6% | 3.9% |
| Free cash flow | 513.0 m | 636.0 m | 513.0 m | 573.0 m | 545.0 m | 174.0 m | 207.0 m | 14.0 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 28 Mar 2026
- Cash
- 135.0 m USD
- Financial debt
- 357.0 m USD
- Net debt
- 222.0 m USD
- Equity
- 84.0 m USD
- Total assets
- 3.2 bn USD
- Debt / equity
- 4.25x
- Current ratio
- 1.21x
- ROE
- 60.1%
- ROA
- 3.2%
- FCF margin
- 0.4%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 4.1 bn | 5.7 bn | 5.6 bn | 4.1 bn | 3.6 bn | 3.5 bn | SEC (XBRL)· 27 May 2026verified |
| Cost of revenue | 1.5 bn | 1.9 bn | 1.9 bn | 1.5 bn | 1.4 bn | 1.3 bn | SEC (XBRL)· 27 May 2026verified |
| Gross profit | 2.6 bn | 3.7 bn | 3.7 bn | 2.6 bn | 2.3 bn | 2.2 bn | SEC (XBRL)· 27 May 2026verified |
| SG&A | 2.0 bn | 2.5 bn | 2.7 bn | 2.1 bn | 2.0 bn | 2.0 bn | SEC (XBRL)· 27 May 2026verified |
| Operating income | 19.0 m | 903.0 m | 679.0 m | 59.0 m | -26.0 m | 23.0 m | SEC (XBRL)· 27 May 2026verified |
| Depreciation & amortisation | 165.0 m | 193.0 m | 179.0 m | 132.0 m | 132.0 m | 121.0 m | SEC (XBRL)· 27 May 2026verified |
| EBITDA | 184.0 m ≈ | 1.1 bn ≈ | 858.0 m ≈ | 191.0 m ≈ | 106.0 m ≈ | 144.0 m ≈ | SEC (XBRL)· 27 May 2026derived |
| Pre-tax income | 3.0 m | 915.0 m | 648.0 m | 21.0 m | -2.0 m | 107.0 m | SEC (XBRL)· 27 May 2026verified |
| Income tax | 66.0 m | 92.0 m | 29.0 m | 8.0 m | 524.0 m | 27.0 m | SEC (XBRL)· 27 May 2026verified |
| Net income | -62.0 m | 822.0 m | 616.0 m | -229.0 m | -1.2 bn | 137.0 m | SEC (XBRL)· 27 May 2026verified |
| Diluted EPS | -0.41 | 5.39 | 4.60 | -1.96 | -10.00 | 1.14 | SEC (XBRL)· 27 May 2026verified |
| Weighted average diluted shares | 150.5 m | 152.5 m | 134.0 m | 118.1 m | 118.3 m | 119.8 m | SEC (XBRL)· 27 May 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 232.0 m | 169.0 m | 249.0 m | 199.0 m | 107.0 m | 135.0 m | SEC (XBRL)· 27 May 2026verified |
| Inventories | 736.0 m | 1.1 bn | 1.1 bn | 862.0 m | 701.0 m | 581.0 m | SEC (XBRL)· 27 May 2026verified |
| Current assets | 1.5 bn | 1.9 bn | 1.9 bn | 1.6 bn | 1.5 bn | 1.2 bn | SEC (XBRL)· 27 May 2026verified |
| Property, plant & equipment, net | 485.0 m | 476.0 m | 552.0 m | 579.0 m | 393.0 m | 371.0 m | SEC (XBRL)· 27 May 2026verified |
| Goodwill | 1.5 bn | 1.4 bn | 1.3 bn | 253.0 m | 199.0 m | 202.0 m | SEC (XBRL)· 27 May 2026verified |
| Intangibles (excl. goodwill) | 2.0 bn | 1.8 bn | 1.7 bn | 1.4 bn | 582.0 m | 562.0 m | SEC (XBRL)· 27 May 2026verified |
| Total assets | 7.5 bn | 7.5 bn | 7.3 bn | 6.7 bn | 5.2 bn | 3.2 bn | SEC (XBRL)· 27 May 2026verified |
| Accounts payable | 512.0 m | 555.0 m | 475.0 m | 352.0 m | 379.0 m | 311.0 m | SEC (XBRL)· 27 May 2026verified |
| Short-term debt | 17.0 m | 21.0 m | 4.0 m | 11.0 m | 24.0 m | 14.0 m | SEC (XBRL)· 27 May 2026verified |
| Long-term debt | 1.2 bn | 1.1 bn | 1.8 bn | 1.3 bn | 1.5 bn | 343.0 m | SEC (XBRL)· 27 May 2026verified |
| Current liabilities | 1.6 bn | 1.6 bn | 1.5 bn | 1.7 bn | 1.3 bn | 954.0 m | SEC (XBRL)· 27 May 2026verified |
| Total liabilities | 5.3 bn | 4.9 bn | 5.4 bn | 5.1 bn | 4.8 bn | 3.2 bn | SEC (XBRL)· 27 May 2026verified |
| Equity | 2.2 bn | 2.6 bn | 1.8 bn | 1.6 bn | 372.0 m | 84.0 m | SEC (XBRL)· 27 May 2026verified |
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 624.0 m | 704.0 m | 771.0 m | 309.0 m | 281.0 m | 77.0 m | SEC (XBRL)· 27 May 2026verified |
| Capex | 111.0 m | 131.0 m | 226.0 m | 135.0 m | 74.0 m | 63.0 m | SEC (XBRL)· 27 May 2026verified |
| Free cash flow | 513.0 m ≈ | 573.0 m ≈ | 545.0 m ≈ | 174.0 m ≈ | 207.0 m ≈ | 14.0 m ≈ | SEC (XBRL)· 27 May 2026derived |
| Investing cash flow | -124.0 m | 58.0 m | 183.0 m | -135.0 m | -53.0 m | 1.2 bn | SEC (XBRL)· 27 May 2026verified |
| Financing cash flow | -870.0 m | -800.0 m | -776.0 m | -208.0 m | -242.0 m | -1.3 bn | SEC (XBRL)· 27 May 2026verified |
| Share repurchases | 1.0 m | 661.0 m | 1.4 bn | 107.0 m | 4.0 m | 81.0 m | SEC (XBRL)· 27 May 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 40 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 2.2 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet23
- Valuation58
- Quality41
- Growth0
- Returns100
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 13.28 – 32.30 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDA13.28 – 16.58 (Mid 15.97)3 companies used · median multiple 12.0x · quartiles 10.3x – 12.3xRCKY, TPR, WWW
- Peers: P/E21.33 – 32.30 (Mid 30.62)5 companies used · median multiple 17.2x · quartiles 12.0x – 18.2xCAL, RCKY, SHOO, TPR, WWW
- Dividend discount (DDM)unavailable · input data missing
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 40/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 4.5% | 0 (vs peers) | 12% |
| Net margin · Quality | 6.1% | 67 (vs peers) | 7% |
| FCF conversion · Quality | 88.5% | 84 (on a fixed band) | 7% |
| Revenue CAGR 3Y · Growth | -14.8% | 0 (on a fixed band) | 9% |
| EPS CAGR 3Y · Growth | -37.2% | 0 (on a fixed band) | 9% |
| Net debt / EBITDA · Balance sheet | 2.0x | 20 (vs peers) | 12% |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.2x | 32 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 12.0x | 83 (vs peers) | 12% |
| EV/EBITDA · Valuation | 15.2x | 0 (on a fixed band) | 12% |
| FCF yield · Valuation | 8.4% | 100 (on a fixed band) | 9% |
| Shareholder yield (distributions) · Returns | 12.9% | 100 (on a fixed band) | 7% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet23/100 · 2/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality41/100 · 3/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation58/100 · 3/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
CAPRI HOLDINGS LIMITED (CPRI). Latest full fiscal year: 2026; data up to 2026-09-26.
Figures computed from the financial statements: revenue 3.5 bn USD in 2026; YoY growth -4.1%; net margin 6.1%; net debt/EBITDA 2.0x.
The estimated value range is 17.30–24.44 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 23.30 USD, the price of 21.23 USD leaves a potential of 9.7% (value / price − 1) and a margin of safety of 8.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 40/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 88.5%
- P/E (TTM): 12.0x
- FCF yield: 8.4%
- Shareholder yield (distributions): 12.9%
What contradicts it
- ROIC: 4.5%
- Revenue CAGR 3Y: -14.8%
- EPS CAGR 3Y: -37.2%
- Net debt / EBITDA: 2.0x
- EV/EBITDA: 15.2x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Interest coverage, Payout ratio (FCF).
Versus the vertical median
Leather products (SIC 31xx) · same major group (2-digit SIC) · compared with 9 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| TPRTapestry, Inc. | 25.0 bn | 17.2 | 197.1% | 19.1% | +14.2% | +15% / +296% |
| SHOOSteven Madden, Ltd. | 3.4 bn | 22.9 | 16.7% | 5.4% | +11.0% | +12% / +24% |
| CPRICapri Holdings Limited | 2.2 bn | 12.0 | — | 6.1% | −4.1% | +3% / −58% |
| WWWWolverine World Wide, Inc. | 1.9 bn | 18.2 | 27.1% | 5.5% | unavailable | +45% / +174% |
| CALCaleres, Inc | 507.6 m | 9.9 | 8.2% | 1.8% | +1.3% | +26% / −52% |
| RCKYRocky Brands, Inc. | 411.2 m | 12.0 | 13.2% | 6.6% | +6.2% | +80% / +89% |
| VRAVera Bradley, Inc. | 216.0 m | — | -7.4% | -3.7% | −15.4% | +165% / +0% |
| TLFTandy Leather Factory, Inc | 18.6 m | — | -3.2% | -2.1% | +2.6% | −17% / −45% |
| FMFCKandal M Venture Limited | — | 366.0 | 76.7% | 1.2% | +23.0% | −85% / unavailable |
| BIRKBirkenstock Holding plc | — | — | 13.0% | 16.6% | +16.2% | −14% / −19% |
1- and 3-year price returns: for CPRI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 12.86 Total return -39% · Per year -39% | 22.85 Total return 8% · Per year 8% | 34.57 Total return 63% · Per year 63% |
| 3 years | 10.21 Total return -52% · Per year -22% | 20.62 Total return -3% · Per year -1% | 34.57 Total return 63% · Per year 18% |
| 5 years | 8.11 Total return -62% · Per year -18% | 18.61 Total return -12% · Per year -3% | 34.57 Total return 63% · Per year 10% |
- Exit P/E± 5.16
- Net margin± 3.61
- Annual revenue growth± 3.26
- Annual dilution± 0.30
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (30 Oct 2026 · results), 10-Q (30 Oct 2026).
In brief
Capri Holdings is a fashion luxury group that owns the Michael Kors and Jimmy Choo brands across accessories, footwear and apparel. The current backdrop is difficult: revenue fell in fiscal 2026 to 3,474 million USD 1, and the company has lowered its fiscal 2027 revenue outlook to about 3.4 billion USD 3.
SWOT
Strengths
- The company owns two internationally recognised brands with a solid network of stores and online channels.
- Accessories expertise and an experienced management team give it a competitive edge.
- The gross margin recovery in the first quarter shows control over pricing and inventory.
Weaknesses
- Michael Kors, the main revenue source, has declined in recent quarters and the outlook was reduced.
- Jimmy Choo still has small operating margins, and profitability depends on the expected recovery.
- Reliance on production outside the United States exposes the company to volatile costs and trade rules.
Opportunities
- Growth in accessories and footwear at Jimmy Choo could strengthen long-term revenue.
- If strategic initiatives gain traction, margins could rise despite weaker consumer demand.
- Recovery of IEEPA tariffs could release meaningful cash if the process concludes favourably.
Threats
- Lower consumer confidence and purchasing power can reduce demand for luxury goods.
- New tariffs and Middle East conflicts can raise shipping and production costs.
- Currency swings can reduce reported dollar revenue, as seen in the revised outlook.
Risks
- Weakness at Michael Korshigh
If the decline at Michael Kors continues, the fiscal 2027 outlook could be revised again.
- Trade policy and tariffshigh
New tariff measures or delays in recovering amounts already paid could affect margins and cash flow.
- Demand in Europemedium
Softness in EMEA linked to Middle East conflicts could reduce revenue in that region.
- Currency riskmedium
Exchange rate movements affect reported dollar results, and hedges do not fully remove the impact.
- Forced labour rulesmedium
The supply chain is exposed to strict customs enforcement that can block shipments.
Investment thesis
What would need to be true (bull case)
- Jimmy Choo shows growth and improving margins, which could offset weakness in the main segment.
- If cost reductions and product initiatives work, profitability could grow even with lower revenue.
- Lower net debt and share buybacks can provide financial flexibility.
What would break the thesis
- Michael Kors, the largest segment, keeps declining and the revenue outlook has been cut.
- Pressure from tariffs, freight costs and currency could compress margins.
- The luxury market is contracting, and the expected long-term recovery is only an estimate.
What to watch
- Revenirea Jimmy Choo la profitabilitatefiscal 2027
- Michael Kors revenue against the revised outlookQ2 2027
- Recovery of IEEPA tariff refunds and receipt of the remaining amount2027
- Jimmy Choo return to profitabilityfiscal 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (30 Oct 2026 · results), 10-Q (30 Oct 2026).
The business
Capri Holdings Limited is described as 'a global fashion luxury group' made up of the Michael Kors and Jimmy Choo brands 1. Michael Kors accounted for about 83% of fiscal 2026 revenue and Jimmy Choo about 17% 1. Products are sold through company stores, e-commerce, department store partners and licences, and most are made outside the United States 1.
The strategy focuses on brand desirability, accessories and integrating online and offline channels 1. The company completed the sale of its Versace business to Prada on December 2, 2025, so reported results cover continuing operations only 23.
In the first quarter of fiscal 2027 total revenue was 769 million USD, down 3.5% 3. Growth at Jimmy Choo alongside a decline at Michael Kors shows the two segments moving in different directions 3.
Market context
The global personal luxury goods market is estimated to have declined to about 358 billion EUR in 2025, the second consecutive year of contraction 1. Long-term forecasts point to 4% to 6% annual growth to 2035 1, although macroeconomic pressure could delay that recovery.
The company operates in the Americas, EMEA and Asia 1. Recent results show regional differences, and if softness in EMEA persists the outlook could be further affected 3.
Trends
- Tariffs and trade rulesmixed
Tariffs have raised costs, but the Supreme Court ruled IEEPA tariffs unlawful and the company is owed 65 million USD in refunds 12. Recovery depends on the CBP process, so the outcome is uncertain.
- Inflation and consumer pressureheadwind
Inflation and weaker consumer confidence affect demand for discretionary products and can reduce store traffic 12.
- Jimmy Choo recoverytailwind
Jimmy Choo grew in the first quarter and the company expects it to return to profitability in fiscal 2027 3, which could offset weakness at Michael Kors.
- Debt reduction and buybackstailwind
Net debt fell sharply from a year earlier and the company continued share repurchases 3. These steps can support financial flexibility if demand stays weak.
Competitive position
The company competes with European and American luxury brands and with third-party channels such as department and specialty stores 1. Larger rivals may have greater financial and distribution resources 1.
Competition turns on brand recognition, quality, pricing and speed in responding to fashion trends 1. Price pressure can reduce margins if costs are not cut in step 1.
- European luxury brands
Named in the filing as principal competitors, without separate identification in the source.
- American luxury brands
Compete with the company in the same product categories, as described in the annual report.
- Department store partners
They are both distribution channels and competitors for floor space and pricing.
- Contract manufacturers
Easy access for contract suppliers can add competitors and pressure margins.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Capri Sees Second-Half Growth as Michael Kors Reset Gains TractionYahoo Finance — News · 21 Sept 2026 · EN
- Michael Kors primăvară-vară 2027 la New York Fashion Week: costume colorate, rochii sculpturale și o nouă idee despre hainele de birouG4Media · 14 Sept 2026 · RO
The latest news item in our archive is from 21 Sept 2026; the newest SEC filing is from 30 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Quarterly report30 Oct 2026
- Current report30 Oct 2026Results of operations · Financial statements and exhibits
- Current report16 Sept 2026Other events · Financial statements and exhibits
- Quarterly report05 Aug 2026
- Current report05 Aug 2026Results of operations · Financial statements and exhibits
- Current report30 Jul 2026Shareholder vote
- Current report25 Jun 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Proxy statement16 Jun 2026
- Current report16 Jun 2026Departure or appointment of officers
- Annual report27 May 2026
Sources
- [1] Form 10-K, fiscal year ended 2026-03-28 · SEC / Capri Holdings Limited · 27 May 2026
- [2] Form 10-Q, quarter ended 2026-06-27 · SEC / Capri Holdings Limited · 05 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Capri Holdings Limited · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.