Capri Repositions Michael Kors Footwear, Jimmy Choo Q4 Revenue Up 5.3% to $140M
CPRI•Capri Holdings CEO John Idol said Michael Kors footwear sales remain the company’s biggest issue, prompting a strategic shift into casual sneakers at full-price stores and an outlet turnaround expected in Q4. Meanwhile Jimmy Choo Q4 revenue rose 5.3% to $140M, with fiscal 2027 revenue guided to about $625M.
1. Michael Kors Footwear Repositioning
John Idol identified footwear as Michael Kors’ primary challenge and initiated a strategic shift into casual sneakers, launching Keely and Nolan styles and the Jennings loafer at full-price stores, with an outlet rollout planned for Q4.
2. Jimmy Choo Growth and Guidance
Jimmy Choo posted Q4 revenue of $140M, up 5.3% year-over-year, while fiscal 2026 full-year sales totaled $600M versus $605M. Fiscal 2027 revenue is expected near $625M, driven by strong performance in dress and casual footwear, including new Elisa bouffant flats and Sunny sneakers.
