Capri Holdings announces long-term targets: future revenue $6.3B, high-teen op margin

Capri Holdings Ltd

Total revenue targets: FY25E $4.4B, FY26E $4.1B, FY27E $4.4B, FY28E $4.7B, future $6.3B.
Michael Kors future revenue $4.0B, Versace $1.5B, Jimmy Choo $800M.
Adjusted op margin targets: FY25E 2.3%, FY26E 3.7%, future high-teen%.
Brand op margins: Michael Kors low-20%, Versace high-teen%, Jimmy Choo LDD% in future.
Guidance on adjusted non-GAAP basis; subject to macro risks and currency fluctuations.

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