Short answer
Capri Holdings Ltd (CPRI) filed its fiscal 2025 10-K annual report with the SEC on May 28, 2025. It reported revenue of $4.4B (−14.1% year over year) and net income of −$1.2B.
- Top risk flagged: Regulatory risk from U.S. SEC disclosure requirements on Global Optimization Plan material charges timing and amounts
FY2025 key financial metrics · XBRL
- Revenue
- $4.4B
- −14.1% YoY
- Net income
- −$1.2B
- −416.2% YoY
- Operating margin
- -16.9%
- −12.3 pp YoY
- Gross margin
- 63.6%
- −1.0 pp YoY
- EPS (diluted)
- −$10.00
- −410.2% YoY
- ROE
- -321.2%
- −306.9 pp YoY
- Operating cash flow
- $281M
- −9.1% YoY
Source: XBRL data from the Capri Holdings Ltd (CPRI) FY2025 10-K on SEC EDGAR. USD.
Capri Holdings Ltd FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Luxury fashion group operating iconic brands Versace (18% revenue), Jimmy Choo (14%), Michael Kors (68%) with global retail, wholesale, e-commerce channels
- Notable leadership change: Dario Vitale appointed Versace Chief Creative Officer effective April 1, 2025, succeeding Donatella Versace
- Strategic emphasis on expanding Jimmy Choo’s women's accessories to 30% of its revenue and growing Michael Kors back to $4 billion in revenue
- Fiscal 2025 total revenue $4.442 billion, down from $5.17 billion in prior year, with Michael Kors revenue declining 14% to $3.016 billion
- Market environment: first global personal luxury goods customer base contraction in 2024 with 2% overall market decline to €363 billion
Management Discussion & Analysis
- Revenue $4.442B, down 14.1% YoY ($728M decrease) driven by Versace (-20.3%) and Michael Kors (-14.4%); Jimmy Choo down 2.1%
- Operating margin declined to -16.9% from -4.7%; segment margins: Michael Kors 11.3% vs 18.0%, Versace -6.6% vs 2.4%, Jimmy Choo -2.8% vs 0.5%
- Best performing segment: Michael Kors operating income $341M (margin 11.3%); worst: Versace operating loss $54M (margin -6.6%)
- Operating cash flow $281M, down from $309M; capital expenditures $128M with $110M forecasted; no share repurchases, $4M shares withheld for taxes
- Management cites ongoing global luxury demand slowdown, strategic initiative underperformance; monitors US treasury tax regulation changes impacting fiscal 2027+
Risk Factors
- Regulatory risk from U.S. SEC disclosure requirements on Global Optimization Plan material charges timing and amounts
- Operational risk from closing 83 retail stores in fiscal 2025 as part of Global Optimization Plan with $7 million restructuring expense
- Market disruption risk from ongoing evaluation and potential additional retail store closures impacting company footprint and profitability
- Financial risk from uncertainty of future charges and cash expenditures related to the Global Optimization Plan, exact amounts undeterminable
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