Michael Kors parent Capri lowers annual revenue forecast
Aug 5 (Reuters) - Michael Kors-owner Capri Holdings cut its annual revenue forecast on Wednesday, hurt by weak demand for Michael Kors' leather handbags and accessories amid macroeconomic uncertainty. The company now expects fiscal year 2027 total revenue of $3.4 billion, compared with its prior forecast of about $3.53 billion. (Reporting by Sanskriti Shekhar in Bengaluru)
Aug 5 (Reuters) - Michael Kors-owner Capri Holdings cut its annual revenue forecast on Wednesday, hurt by weak demand for Michael Kors' leather handbags and accessories amid macroeconomic uncertainty. The company now expects fiscal year 2027 total revenue of $3.4 billion, compared with its prior forecast of about $3.53 billion. (Reporting by Sanskriti Shekhar in Bengaluru)
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