HIGHBuilt-inProduct / Revenue mix
83%
Michael Kors
“10-K Item 1: 'Michael Kors — accounted for approximately 83% of our total revenue in Fiscal 2026'”
CPRI · Concentration risk · 10-K extracted
Capri Holdings (CPRI) concentration risks
Updated
The most significant concentration Capri Holdings discloses is Michael Kors at 83%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Capri Holdings’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH1
MEDIUM1
LOW2
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
47%
outside United States
“10-K Item 1A: 'approximately 47% of our total revenue from operations outside of the United States during Fiscal 2026'”
LOWOutside partySupplier
14%
third-party buying agent
“10-K Item 1: 'one third-party buying agent sourced approximately 14% of Michael Kors finished goods purchases, based on dollar volume'”
LOWOutside partySupplier
14%
largest manufacturing contractor
“10-K Item 1: 'Michael Kors' largest manufacturing contractor...accounted for the production of approximately 14% of its finished products, based on dollar volume in Fiscal 2026'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is dominated by a high-share brand dependency, with supplementary geographic and supplier exposures that are secondary in scale. The most material disclosure is product-level: Michael Kors accounted for approximately 83% of total revenue in Fiscal 2026, a high-share structural concentration by disclosed size. At that revenue share, the company's financial performance is largely coextensive with Michael Kors' brand positioning, wholesale distribution trends, and consumer demand dynamics. A sustained deterioration in Michael Kors' brand equity, market share, or wholesale relationships would affect the large majority of the revenue base without meaningful offset from the other brands in the portfolio. The geographic exposure is moderate: approximately 47% of total revenue came from operations outside the United States during Fiscal 2026, reflecting meaningful international diversification across the Michael Kors footprint. This structural exposure carries currency risk and exposure to regional consumer sentiment, but it is broad-based geographically rather than concentrated in a single country. Two low-share supplier dependencies are disclosed within the Michael Kors business: one third-party buying agent sourced approximately 14% of Michael Kors finished goods purchases by dollar volume, and the largest manufacturing contractor accounted for approximately 14% of Michael Kors' finished product production by dollar volume in Fiscal 2026. Both are low-share by disclosed size and reflect normal supplier relationships for a fashion brand that outsources production. The dominant risk in the profile is brand concentration in Michael Kors; the supplier and geographic exposures are supporting context rather than primary risk drivers.
For the engine’s reasoning on CPRI’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Luxury Goods
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CPRI● | Capri Holdings Limited | 1 | 1 | 2 | 4 |
| TPR | Tapestry, Inc. | 1 | 1 | 0 | 2 |
| SIG | Signet Jewelers Limited | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.