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Capri forecasts annual revenue below estimates
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Capri forecasts annual revenue below estimates
Feb 5, 2025 4:17 AM

Feb 5 (Reuters) - Capri Holdings ( CPRI ) forecast

annual revenue below estimates on Wednesday, as the Michael Kors

owner grappled with slowing demand for luxury goods and

persistent declines in the Americas and Asia.

The company expects annual net revenue of $4.4 billion,

compared with analysts' estimates of $4.5 billion, according to

data compiled by LSEG.

(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by

Sriraj Kalluvila)

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