Brand PerformanceMichael Kors' revenue beat expectations and its brand is experiencing an inflection in brand heat and purchase intent.
Cost ManagementManagement is working on mitigating tariff impacts through sourcing diversification, cost efficiencies, and price increases.
Debt ReductionFunds from the Versace sale will be used to pay off net debt, virtually eliminating interest expenses, and support a share repurchase program.