Michael Kors’ revenue is expected to follow a similar trend, starting at $3.0 billion in FY25, dipping to $2.75 billion in FY26, and then rising to $3.0 billion, $3.2 billion, and $4.0 billion in subsequent years, Capri Holdings said in a press release.
Capri Holdings has forecast revenue of $4.4 billion for FY25, dipping to $4.1 billion in FY26 before rising to $4.7 billion in FY28 and to $6.3 billion in the future.
Michael Kors, Versace, and Jimmy Choo are expected to follow similar trends.
Adjusted operating margins will improve from 2.3 per cent in FY25 to high-teen levels in the future beyond FY28.
Versace’s revenue is projected at $810 million in FY25, slightly decreasing to $800 million in FY26 before increasing steadily to $850 million in FY27, $900 million in FY28, and $1.5 billion thereafter.
Meanwhile, Jimmy Choo is expected to generate $600 million in FY25, dropping to $550 million in FY26 before recovering to $575 million in FY27, $600 million in FY28, and ultimately $800 million in the future.
The adjusted operating margin is projected at 2.3 per cent in FY25, improving to 3.7 per cent in FY26, with high single-digit (HSD) levels in FY27, low double-digit (LDD) levels in FY28, and high-teen levels in the future.
Michael Kors’ operating margin is expected to be in the LDD range for FY25 and FY26, moving to mid-teen levels in FY27 and FY28, and reaching the low 20 per cent range in the future.
Versace’s operating margin is forecast to be in the HSD negative range in FY25, breaking even in FY26, reaching mid-single-digit (MSD) in FY27, HSD in FY28, and high-teen levels in the future. Jimmy Choo’s margin is anticipated to be in the low single-digit (LSD) negative range in FY25, slightly negative in FY26, improving to LSD in FY27, MSD in FY28, and LDD in the future.
“We are optimistic about the long-term growth potential for Versace, Jimmy Choo and Michael Kors as we execute our strategic initiatives. Our powerful brands have enduring value and proven resilience, reinforcing our confidence in their ability to deliver revenue and earnings growth over time,” said John D Idol, chairman and chief executive officer (CEO) at Capri Holdings.
Fibre2Fashion News Desk (SG)
