Capri Holdings Ltd CPRI
Capri Holdings Limited ("Capri") is a global fashion luxury group consisting of iconic brands Michael Kors and Jimmy Choo. Our commitment to glamorous style and craftsmanship is at the heart of each of our luxury brands. We have built our reputation on designing exceptional, innovative products that cover the full spectrum of fashion luxury categories. Our strength lies in the unique DNA and heritage of each of our brands, the diversity and passion of our people and our dedication to the clients and communities we serve.
Our Michael Kors brand was launched in 1981 by Michael Kors, a world-renowned designer, whose vision has taken the Company from its beginnings as an American luxury sportswear house to a global accessories, footwear and apparel company with a global distribution network that has presence in over 100 countries through Company-operated retail stores and e-commerce sites, leading department stores, specialty stores and select licensing partners. Michael Kors is a highly recognized fashion luxury brand in the Americas and Europe with strong brand awareness in other international markets. Michael Kors features distinctive designs, materials and craftsmanship with a Jet Set aesthetic that combines stylish elegance and a sporty attitude. Michael Kors offers three primary collections: the Michael Kors Collection line, the MICHAEL Michael Kors line and the Michael Kors Mens line. Michael Kors Collection establishes the aesthetic authority of the entire brand and is carried by select retail stores, our e-commerce sites, as well as in the finest luxury department stores in the world. MICHAEL Michael Kors has a strong focus on accessories, in addition to offering footwear and apparel. We have also been developing our men's business in recognition of the significant opportunity afforded by the Michael Kors brand's established fashion authority and the expanding men's market. Taken together, our Michael Kors collections target a broad customer base while retaining our premium luxury image.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.47B | $3.62B | $4.14B | $5.62B | $5.65B | $4.06B | $5.55B | $5.24B | $4.72B | $4.49B |
| Cost of revenue | — | — | — | $1.90B | $1.91B | $1.46B | $2.28B | $2.06B | $1.86B | $1.83B |
| Gross profit | $2.16B | $2.25B | $2.62B | $3.72B | $3.74B | $2.60B | $3.27B | $3.18B | $2.86B | $2.66B |
| SG&A | $1.96B | $2.00B | $2.13B | $2.71B | $2.53B | $2.02B | $2.46B | $2.08B | $1.77B | $1.54B |
| Total operating expenses | $2.14B | $2.28B | $2.56B | $3.04B | $2.84B | $2.58B | $3.46B | $2.44B | $2.11B | $1.97B |
| Operating income | $23.0M | -$26.0M | $59.0M | $679.0M | $903.0M | $19.0M | -$192.0M | $735.0M | $749.0M | $690.0M |
| Interest expense | — | — | $6.0M | $24.0M | $18.0M | $43.0M | $18.0M | $38.0M | $22.0M | $4.0M |
| Pre-tax income | $107.0M | -$2.0M | $21.0M | $648.0M | $915.0M | $3.0M | -$215.0M | $621.0M | $742.0M | $689.0M |
| Income tax | $27.0M | $524.0M | $8.0M | $29.0M | $92.0M | $66.0M | $10.0M | $79.0M | $150.0M | $137.0M |
| Net income | $79.0M | -$1.18B | -$229.0M | $616.0M | $822.0M | -$62.0M | -$223.0M | $543.0M | $592.0M | $553.0M |
| EPS, basic | 1.14 | -10.00 | -1.96 | 4.65 | 5.49 | -0.41 | -1.48 | 3.62 | 3.89 | 3.33 |
| EPS, diluted | 1.14 | -10.00 | -1.96 | 4.60 | 5.39 | -0.41 | -1.48 | 3.58 | 3.82 | 3.29 |
| Shares, diluted (wtd. avg.) | $119.8M | $118.3M | $118.1M | $134.0M | $152.5M | $150.5M | $150.7M | $151.6M | $155.1M | $168.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $135.0M | $107.0M | $149.0M | $256.0M | $172.0M | $234.0M | $592.0M | $172.0M | $163.0M | $230.0M |
| Receivables | $211.0M | $215.0M | $332.0M | $369.0M | $434.0M | $373.0M | $308.0M | $383.0M | $290.0M | $265.8M |
| Inventory | $581.0M | $701.0M | $862.0M | $1.06B | $1.10B | $736.0M | $827.0M | $953.0M | $661.0M | $549.3M |
| Total current assets | $1.15B | $1.52B | $1.61B | $1.87B | $1.89B | $1.55B | $1.89B | $1.73B | $1.26B | $1.16B |
| Property, plant and equipment | $371.0M | $393.0M | $579.0M | $552.0M | $476.0M | $485.0M | $561.0M | $615.0M | $583.0M | $591.5M |
| Goodwill | $202.0M | $199.0M | $253.0M | $1.29B | $1.42B | $1.50B | $1.49B | $1.66B | $848.0M | $120.0M |
| Other intangibles | $562.0M | $582.0M | $1.39B | $1.73B | $1.85B | $1.99B | $1.99B | $2.29B | $1.24B | $418.1M |
| Total assets | $3.23B | $5.21B | $6.69B | $7.29B | $7.48B | $7.48B | $7.95B | $6.65B | $4.06B | $2.41B |
| Accounts payable | $311.0M | $379.0M | $352.0M | $475.0M | $555.0M | $512.0M | $428.0M | $371.0M | $294.0M | $176.3M |
| Short-term debt | $14.0M | $24.0M | $462.0M | $5.0M | $29.0M | $123.0M | $167.0M | $630.0M | $200.0M | $133.1M |
| Total current liabilities | $954.0M | $1.34B | $1.70B | $1.45B | $1.57B | $1.62B | $1.40B | $1.54B | $960.0M | $565.8M |
| Long-term debt | $343.0M | $1.47B | $1.26B | $1.82B | $1.13B | $1.22B | $2.01B | $1.94B | $675.0M | $0 |
| Total liabilities | $3.15B | $4.84B | $5.09B | $5.45B | $4.92B | $5.32B | $5.78B | $4.21B | $2.04B | $814.6M |
| Retained earnings | $4.43B | $4.30B | $5.48B | $5.71B | $5.09B | $4.27B | $4.33B | $4.71B | $4.15B | $3.56B |
| Total equity | $80.0M | $368.0M | $1.60B | $1.85B | $2.56B | $2.16B | $2.17B | $2.43B | $2.03B | $1.59B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $77.0M | $281.0M | $309.0M | $771.0M | $704.0M | $624.0M | $859.0M | $694.0M | $1.06B | $1.03B |
| Depreciation and amortisation | $92.0M | $105.0M | $105.0M | $135.0M | $144.0M | $165.0M | $200.0M | $188.0M | $182.0M | $198.0M |
| Stock-based compensation | $34.0M | $50.0M | $55.0M | $78.0M | $85.0M | $71.0M | $70.0M | $60.0M | $50.0M | $34.0M |
| Capital expenditure | $63.0M | $74.0M | $135.0M | $226.0M | $131.0M | $111.0M | $223.0M | $181.0M | $120.0M | $165.0M |
| Investing cash flow | $1.22B | -$53.0M | -$135.0M | $183.0M | $58.0M | -$124.0M | $62.0M | -$2.12B | -$1.53B | -$651.0M |
| Financing cash flow | -$1.30B | -$242.0M | -$208.0M | -$776.0M | -$800.0M | -$870.0M | -$497.0M | $1.45B | $389.0M | -$850.0M |
| Buybacks | $81.0M | $4.0M | $107.0M | $1.36B | $661.0M | $1.0M | $102.0M | $207.0M | $361.0M | $1.00B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001530721-26-000063.
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