Capri Holdings reported a 13.2 per cent YoY revenue decline to $1.07 billion in Q1 FY25, driven by softening demand for luxury goods.
The company posted a $14 million net loss, down from a $48 million profit last year.
Versace, Jimmy Choo, and Michael Kors all saw revenue declines, though customer databases grew.
Operating margins fell across the brands.