versace sales decline | Capri (CPRI) Q2 2024 Earnings Show Continued Declines

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Capri Holdings sales drop 16.4% after Tapestry deal

Versace revenues fell 28.2 percent to 1 million with retail sales that showed a decline in the high teens. Revenue in the Americas was down 33 percent, which led to million in operating losses.Versace’s revenues fell 15.4 percent to 9 million with an operating loss of . Capri Holdings’s sales dropped 16.4 per cent to .08 billion in the second quarter of 2025, ended 28 September. In August 2023, rival Tapestry (owner of Coach, Kate Spade and Stuart Weitzman) announced its intention . Versace revenues fell 28.2 percent to 1 million with retail sales that showed a decline in the high teens. Revenue in the Americas was down 33 percent, which led to million in operating losses.

Capri Holdings’s sales dropped 16.4 per cent to .08 billion in the second quarter of 2025, ended 28 September. In August 2023, rival Tapestry (owner of Coach, Kate Spade and Stuart Weitzman) announced its intention to acquire Capri in an .5 billion deal, creating an all-American conglomerate.However, in April, the Federal Trade Commission (FTC) sued to block . The company experienced a significant decline in sales, with Michael Kors and Versace showing notable underperformance, although Jimmy Choo managed to achieve modest growth. . Versace, Jimmy .

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The owner of fashion brands Versace, Jimmy Choo, and Michael Kors saw revenue decline 16% year-over-year to .08 billion, below the analyst consensus from Visible Alpha. . while Versace sales . The decline in operating margin primarily reflects expense deleverage on lower revenue. Net income was million, or Versace’s revenues fell 15.4 percent to 9 million with an operating loss of million. Michael Kors’ top line decreased 14.2 percent to 5 million with operating income of million..20 per diluted share, compared to net income of million, or Declines ran across brands, with Michael Kors generating .5 billion in sales compared to .88 billion for the prior year, Versace having just over billion in revenue versus about .1..77 per . From the beginning of April to the end of June 2024, Versace, Jimmy Choo and Michael Kors all witnessed revenue declines in the Americas, Europe, the Middle East, Africa and Asia. More than 10 million new customers bought Michael Kors items last quarter. Capri Holdings—the parent company of Jimmy Choo, Versace, and Michael Kors—recorded declining sales in the last quarter, and shares for the corporation fell 11.3%, per Capri’s fiscal Q4 report last Wednesday, WWD reported.

Capri, the owner of Versace, Michael Kors and Jimmy Choo, says its sales decline eased in the third quarter but warned the business wouldn’t return to pre-pandemic revenue levels until 2023. Versace revenues fell 28.2 percent to 1 million with retail sales that showed a decline in the high teens. Revenue in the Americas was down 33 percent, which led to million in operating losses.

Capri Holdings’s sales dropped 16.4 per cent to .08 billion in the second quarter of 2025, ended 28 September. In August 2023, rival Tapestry (owner of Coach, Kate Spade and Stuart Weitzman) announced its intention to acquire Capri in an .5 billion deal, creating an all-American conglomerate.However, in April, the Federal Trade Commission (FTC) sued to block . The company experienced a significant decline in sales, with Michael Kors and Versace showing notable underperformance, although Jimmy Choo managed to achieve modest growth. . Versace, Jimmy . The owner of fashion brands Versace, Jimmy Choo, and Michael Kors saw revenue decline 16% year-over-year to .08 billion, below the analyst consensus from Visible Alpha. . while Versace sales . The decline in operating margin primarily reflects expense deleverage on lower revenue. Net income was million, or Versace’s revenues fell 15.4 percent to 9 million with an operating loss of million. Michael Kors’ top line decreased 14.2 percent to 5 million with operating income of million..20 per diluted share, compared to net income of million, or Declines ran across brands, with Michael Kors generating .5 billion in sales compared to .88 billion for the prior year, Versace having just over billion in revenue versus about .1..77 per .

From the beginning of April to the end of June 2024, Versace, Jimmy Choo and Michael Kors all witnessed revenue declines in the Americas, Europe, the Middle East, Africa and Asia. More than 10 million new customers bought Michael Kors items last quarter.

Capri Holdings—the parent company of Jimmy Choo, Versace, and Michael Kors—recorded declining sales in the last quarter, and shares for the corporation fell 11.3%, per Capri’s fiscal Q4 report last Wednesday, WWD reported.

Capri (CPRI) Q2 2024 Earnings Show Continued Declines

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versace sales decline|Capri (CPRI) Q2 2024 Earnings Show Continued Declines

versace sales decline|Capri (CPRI) Q2 2024 Earnings Show Continued Declines .

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