Capri Holdings Targets 40% Earnings Growth via Brand Turnaround

Capri Holdings Limited expects a 40% increase in earnings per share this fiscal year as it executes a strategic turnaround for its Michael Kors and Jimmy Choo brands. Outlined during the Goldman Sachs Global Consumer and Retail Conference on September 15, 2026, the plan shifts the company away from promotional discounting toward full-price sell-throughs.

Michael Kors is concluding an 18-month reset featuring renovated stores and new handbag collections. Simultaneously, Jimmy Choo is expanding from occasion wear into a broader lifestyle brand focused on casual footwear and accessories. To support these efforts, the company is increasing marketing expenditures to nearly 10% of revenue and integrating AI into demand planning and customer analytics.

Management reported strong resilience in North America and a return to growth in Asia and China, though European demand remains soft due to reduced travel and regional instability. Executives characterized the current period as a moment of inflection, noting that early positive indicators are translating into tangible results for the company.