Jimmy Choo delivered strong first-quarter results for Capri Holdings, with revenues rising 10.5% year-over-year to $179 million. Growth was broad-based across regions, with Americas revenues climbing 26.1% to $58 million, EMEA increasing 5.1% to $82 million, and Asia up 2.6% to $39 million. Direct retail sales and wholesale revenues both grew by low double digits. Marketing initiatives, including the Natural Reflection campaign and influencer partnerships, generated nearly 50 million impressions and drove a 40% increase in VIC sales. Operating income jumped to $13 million from $4 million, whilst operating margin expanded 480 basis points to 7.3%. Capri expects Jimmy Choo revenues of approximately $635 million for fiscal 2027, targeting $800 million longer term.

Capri Holdings CEO John Idol confirmed that Jimmy Choo will remain part of the company's portfolio during a recent conference, dismissing speculation about a potential sale. He outlined plans to improve Jimmy Choo's margins from a small operating loss to double digits, focusing on store productivity and accessories. Idol described strong brand performance, including 20% growth in North America. The comments come as Capri shares trade at $18.60, down 23.7% year-to-date and 66.6% over five years. The decision to retain Jimmy Choo as a core asset signals management's focus on fixing and growing the brand rather than divesting it. However, ongoing losses at Jimmy Choo reflect broader margin pressures affecting the group, including its Michael Kors brand, which may slow any turnaround efforts.