Jimmy Choo is betting on casual shoes and handbags.
John Idol, chairman and chief executive officer of Jimmy Choo parent Capri Holdings, told analysts on its first quarter 2027 earnings call on Wednesday that the footwear and accessories brand posted its third consecutive quarter of “positive” performance.
The CEO noted on the call that the brand’s casual shoe offering as well as its budding handbag business are Jimmy Choo’s shining stars.
“We believe casual footwear represents a long-term growth opportunity, enabling us to increase purchase frequency among existing consumers while attracting new clients to the brand,” Idol said.
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He pointed to the expanded assortment of casual silhouettes, which gained further momentum, with strong performance from new seasonal styles, including the Margot flat, for the quarter’s success. Established casual franchises from Jimmy Choo like the Sunny sneaker continue to perform well, Idol noted.
And it’s not only casual styles that are performing well. “What’s interesting is our pump business is starting to come back,” Idol explained. “There’s a trend on pumps again, which, for Jimmy Choo, has always puts a big smile on our face.” He noted that new styles such as the Faiz Lace Pump complemented signature franchises like the Sacora in the first quarter.
Accessories were also strong in the period, with sales increasing double-digits versus last year. Idol said the Bon Bon and Cinch franchises “performed exceptionally well.”
Overall, the CEO reported that Jimmy Choo’s first quarter revenue “exceeded expectations,” increasing 10.5 percent over the same time last year to $179 million. Global retail sales increased low double-digits versus prior year, with particular strength in the Americas. Wholesale revenue also increased low double-digits.
“Growth was broad-based across channels, regions, and categories, driven by strong brand momentum and the continued success of our strategic initiatives,” Idol said on the call. “Our marketing initiatives are strengthening brand desirability while our product initiatives are attracting new and younger consumers and creating additional purchase opportunities for existing clients.”
As for Jimmy Choo’s retail channel, Idol noted that the brand saw “sequential improvement” in trends, with sales increasing low double-digits and growing across all regions.
Trends at point-of-sale remain strong, driven by continued double-digit increases in North American department stores. The CEO added that department stores are starting to commit to building shop-in-shops for Jimmy Choo. “That’s a very big hurdle for us to get over,” Idol said. “So I think over the next few years you’re going to be looking at Jimmy Choo as a very strong and powerful accessories business which will help drive profitability and also growth for the company.”
Looking ahead, the company expects revenue of approximately $135 million in the second quarter of fiscal 2027, driven by continued brand momentum and the early positive response to our autumn collection. For the full fiscal year 2027, Capri expects revenue for Jimmy Choo of approximately $635 million.
Longer term, management is “optimistic” about the brand’s growth and doubled down on the notion that Jimmy Choo can increase revenue to $800 million as well as expand operating margins to the low double-digit range.
“We are increasingly confident in Jimmy Choo’s trajectory,” Idol added. “The brand is strengthening its connection with consumers. Our marketing initiatives are resonating, and our product strategies are creating new avenues for growth. Jimmy Choo is well positioned to return to profitability in fiscal 2027, driven by strong revenue growth, gross margin expansion, and disciplined expense management.”
