Quarterly net income of $27.0M against a loss of $28.0M a year earlier; Capri swings to profit as Versace sale closes; Michael Kors revenue falls 8.6%

Filed October 30, 2026 · Period ending September 26, 2026 · Compared to 10-Q Nov 4, 2025 · ~1 min read

Key Changes

• high

  Versace sale completed December 2, 2025 for net consideration of approximately $1.365 billion; proceeds used to cut debt from $1,764 million to $461 million.

  MD&A: Versace divestiture verify on EDGAR →
• high

  Michael Kors revenue fell 8.6% to $663 million, while Jimmy Choo revenue rose 11.5% to $146 million.

  MD&A: Segment revenue verify on EDGAR →
• high

  Operating income swung from a $12 million loss to $10 million income, driven by lower impairment charges and improved gross margin (63.3% vs 61.0%).

  MD&A: Operating income verify on EDGAR →