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.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.
American fashion firm Capri Holdings’ revenue at $1.07 bn in Q1 FY25
