Capri Holdings has reported revenue of $797 million in Q1 FY26, down 6 per cent, excluding Versace, which is under a $1.375 billion sale to Prada.
Net income rose to $56 million.
Michael Kors and Jimmy Choo saw revenue declines.
FY26 revenue is projected at $3.37–$3.45 billion.
The company aims to stabilise in FY26 and return to growth in FY27, focusing on Michael Kors and Jimmy Choo.