Capri Holdings (CPRI) Q3 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, February 3, 2026 astatine 9:18 AM CST 47 min read

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Tuesday, Feb. 3, 2026 astatine 8:30 a.m. ET

• Chairman and Chief Executive Officer — John D. Idol

• Interim Chief Financial Officer — Rajal Mehta

• Senior Vice President, Investor Relations — Jennifer Davis

Jennifer Davis: Good morning, everyone, and convey you for joining america connected Capri Holdings Limited Third Quarter Fiscal 2026 Conference Call. With maine this greeting are Chairman and Chief Executive Officer, John Idol, and Interim Chief Financial Officer, Raj Mehta. Before we begin, fto maine punctual you that definite statements made connected today's telephone whitethorn represent forward-looking statements, which are taxable to risks and uncertainties that could origin existent results to disagree from those we expect. Those risks and uncertainties are described successful today's property merchandise and successful the company's SEC filings, which are disposable connected the company's website.

Investors should not presume that the statements made during this telephone volition stay operative astatine a aboriginal time, and the institution undertakes nary work to update immoderate accusation discussed connected today's call. Unless different noted, each fiscal accusation connected today's telephone volition beryllium presented connected a non-GAAP basis. These non-GAAP measures exclude definite costs associated with reserve related to a wholesale lawsuit bankruptcy, restructuring and different charges, store renovation programme costs, merger and divestiture transaction-related costs, impairment charges, and Capri translation costs. To presumption the halfway spending GAAP measures and related reconciliation, delight reappraisal our latest net merchandise posted to our website earlier contiguous astatine capriholdings.com.

Additionally, the institution has classified the results of today's operations and currency flows from its Versace concern arsenic discontinued operations. Unless different noted, each accusation connected today's telephone relates lone to continuing operations. Now I would similar to crook the telephone implicit to Mr. John Idol, Chairman and Chief Executive Officer. John?

John Idol: Thank you, Jennifer, and bully morning, everyone. We were pleased with our 3rd 4th performance, which exceeded our expectations. Across some Michael Kors and Jimmy Choo, we proceed to execute connected our strategical initiatives to presumption our iconic brands for semipermanent success. Our strategies stay anchored successful strengthening marque desirability done delivering compelling storytelling and creating manner luxury products that excite and animate consumers. Together with our precocious information analytics and heavy user insights, these initiatives are designed to fortify user engagement and reenforce the semipermanent equity of our brands. We stay assured that these strategies volition enactment a instrumentality to maturation successful fiscal 2027, arsenic good arsenic found the groundwork for sustainable show good into the future.