Jimmy Choo revenue rises 11.5% to $146 million as Capri holds to $800 million goal

Jimmy Choo revenue rose 11.5 percent to $146 million in the quarter ended 26 September, Capri Holdings reported. The figure includes $5 million from wholesale shipments that arrived earlier than expected. Chairman and chief executive John D. Idol said the company is encouraged by the momentum at the brand.

Gross profit was $104 million and gross margin was 71.2 percent, against $92 million and 70.2 percent a year earlier. Operating income was $2 million, where the brand lost $9 million at the operating level in the same quarter last year.

On the earnings call Idol repeated the company's belief that Jimmy Choo can reach $800 million in revenue with operating margins in the low double-digit range. He did not give a date. The brand, known for high-end footwear, handbags and accessories, is one of the houses Capri owns.

What Capri guided for the coming periods

For fiscal year 2027, Capri projected total revenue for the Jimmy Choo brand at $650 million. That is the figure to hold against the $800 million ambition, which the company has so far framed only as a possibility over the next few years.

For the third quarter, Capri guided total revenue to $175 million. That guide reflects the $5 million of wholesale shipments that moved out of the third quarter and into the second, which flatters the latest quarter and trims the next.

The latest result is the second double-digit quarter in a row. In August, when Capri posted first-quarter results, Jimmy Choo revenue rose 10.5 percent to $179 million. The rebound has been visible since the third-quarter report in February, led by casual shoes and accessories.

It was in February that Idol first suggested the brand could be an $800 million business within a few years. A month later, at the Citi Global Consumer & Retail Conference, he said Capri was on track with Jimmy Choo and called wholesale sales powerful.

Products, customers and the anniversary

Idol said point-of-sale trends stayed encouraging, helped by a positive response to fall assortments, which drove double-digit increases in North American department stores. He said Capri has focused on brand desirability and on strengthening product assortments across Jimmy Choo and Michael Kors.

Casual footwear performed well alongside dress styles, Idol said, citing versatile silhouettes such as the Margaux flat and the Scarlett kitten heel. The core dress category delivered strong growth, with the Sacora sandal named as an iconic style that saw continued demand.

The brand marked its 30th anniversary this fall with two campaigns. One was set in Italy's Palazzo Gallarati and showcased statement boots. The other featured fashion personality Devon Lee Carlson, whose style Idol said resonates with the generation of customers the brand is trying to reach.

Idol said Jimmy Choo is broadening its customer reach, attracting new clients and reinforcing its relevance with the next generation of luxury consumers. The brand is also using data analytics and AI insights for more personalised engagement with customers.

That work contributed to a 7 percent year-over-year increase in Jimmy Choo's global consumer database. As the team builds out accessories and expands the casual footwear assortment, Idol said the strategy will extend the house's reach across categories and occasions.

Idol also congratulated Sandra Choi, the creative director, who will receive a special recognition award from the British Fashion Council at the 2026 Fashion Awards in London on 30 November. He called it a testament to her vision and enduring influence on the brand.

The owner behind the numbers

Capri, formerly Michael Kors Holdings, owns Michael Kors, Versace and Jimmy Choo. It agreed in April 2025 to sell Versace to Prada Group for $1.38 billion, having bought it for $2.1 billion in 2018, which leaves Jimmy Choo a larger share of what remains.

We reported that Capri has been fielding interest from prospective buyers, though an $809 million hedge liability and a wary stock market complicate any deal. A brand that is growing and back in profit is easier to present in such talks.

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Image: Jimmy Choo