Capri Holdings Projects Annual Profit Above Estimates, Cites Revenue Headwinds

By EC Assets · Published 27 May 2026 · Updated 27 May 2026

Capri Holdings Limited, the parent company of Michael Kors, anticipates its annual profit will surpass earlier estimates. The company forecasts its first-quarter revenue to reach $750.0 million. This follows a previous quarter where net revenue increased by 2.4 percent, totaling $1.44 billion, which exceeded analysts' average estimate of $1.42 billion. The upcoming quarter's revenue forecast of $795 million would represent a 23% decrease from the same period a year ago. This highlights existing revenue challenges for the Michael Kors brand. Net profit in a recent period reached $75.3 million, or 17 cents per share. Retail sales in a related context reached €1.24 billion, an increase of 2%, driven by full-price sales. Net revenues in that context amounted to €1.42 billion, up 14% at constant exchange rates. This article is intended for informational purposes only. It does not constitute investment advice.