Shoes are firmly back in the fashion spotlight, and the shift to dressier trends is good news for Jimmy Choo. During Capri Holdings Ltd.’s second quarter earnings conference call, chairman and chief executive officer John D. Idol said that the company is “encouraged” by the momentum it sees building at both its Jimmy Choo and Michael Kors brands. He noted that the company has been focused on elevating brand desirability, as well as strengthening product assortments. For the quarter ended Sept. 26, Jimmy Choo revenue rose 11.5 percent to $146 million, which included $5 million attributable to earlier than expected timing of wholesale shipments. Gross profit was $104 million and gross margin was 71.2 percent, versus $92 million and 70.2 percent, respectively, a year ago. Operating income was $2 million, against the year-ago operating loss of $9 million. Looking ahead for fiscal year 2027, Capri projected total revenue for the Jimmy Choo brand at $650 million. For the third quarter, Capri guided total revenue to $175 million, reflecting the $5 million impact of wholesale shipments that shifted out of the third quarter into the second quarter. Idol told investors during the call that “trends at point-of-sale remained encouraging, supported by positive consumer
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