Jimmy Choo Revenue Up 11.5% to $146M as Capri Targets $800M

Jimmy Choo posted revenue of $146 million for the quarter ended Sept. 26, up 11.5 percent year over year, with $5 million of that figure pulled forward from the third quarter through early wholesale shipments. The result, disclosed on Capri Holdings' second-quarter earnings call, marks the brand's second consecutive quarter of double-digit growth.

Gross profit reached $104 million at a 71.2 percent gross margin, against $92 million and 70.2 percent a year earlier. Operating income was $2 million, compared with a $9 million operating loss in the prior-year quarter — a $11 million swing, though margins remain far below management's stated ambition.

What did Capri guide for the coming quarters?

For the third quarter, Capri guided Jimmy Choo revenue to $175 million, absorbing the $5 million wholesale shipment shift out of Q3 into Q2. For fiscal year 2027, the company projected total brand revenue of $650 million. Chairman and CEO John D. Idol reiterated the longer-term target: $800 million in revenue with operating margins in the low double-digit range — a goal he first floated publicly in February and repeated at the Citi Global Consumer & Retail Conference in March.

The $650 million projection sits well below that $800 million ceiling. Management did not give a date for reaching the top target. The gap is the caveat.

Idol told investors: "Trends at point-of-sale remained encouraging, supported by positive consumer response to our fall assortments." He said that response drove double-digit increases in North American department stores.

Which products carried the quarter?

Idol cited performance across both casual and dress footwear — versatile silhouettes such as the Margaux flat and Scarlett kitten heel — plus strong growth in the core dress category, where the Sacora sandal saw continued demand. The strategy, he said, will extend "the house's reach across categories and occasions" as the team builds out accessories and expands casual footwear.

Marketing leaned on the brand's 30th anniversary. Two fall campaigns included a statement-boot showcase filmed at Palazzo Gallarati in Italy and a second featuring Devon Lee Carlson, a personality chosen to resonate with younger luxury consumers. "We are broadening our customer reach, attracting new clients and reinforcing Jimmy Choo's relevance with the next generation of luxury consumers," Idol said.

Is data driving the rebound?

Capri is deploying data analytics and AI insights for what Idol called "more personalized engagement." The company credits this with a 7 percent year-over-year increase in Jimmy Choo's global consumer database. No revenue attribution for these initiatives was disclosed.

Creative director Sandra Choi will receive a special recognition award from the British Fashion Council at the 2026 Fashion Awards in London on Nov. 30. Idol called the honor "a testament to Sandra's remarkable vision and enduring influence on the brand."

The rebound trace back to Capri's third-quarter report this past February, when casual shoes and accessories led the recovery; Idol then described fourth-quarter comps increases and called wholesale sales "powerful." In August, first-quarter revenue rose 10.5 percent to $179 million. Whether the momentum holds into a holiday quarter guided below prior-year trends will test the $800 million thesis.