Capri Holdings reported fiscal 2026 total revenue of $3.47 billion, down from $3.62 billion the prior year, with Q4 revenue falling 3.7% to $796 million. Quarterly gross margin expanded to 64.8% and annual operating expenses fell to $2.14 billion. Following the December 2025 sale of Versace to Prada, Michael Kors’ Q4 revenue fell 5.5% to $656 million, while Jimmy Choo rose 5.3% to $140 million. Capri is also pursuing a $65 million US tariff refund following a February 2026 Supreme Court ruling. CEO John D. Idol forecast a return to low single-digit revenue growth in fiscal 2027.

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