Michael Kors owner Capri Holdings beats quarterly revenue estimates-February 2024-www.financetom.com

Michael Kors owner Capri Holdings beats quarterly revenue estimates

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Michael Kors owner Capri Holdings beats quarterly revenue estimates

Aug 6, 2025 4:13 AM

Aug 6 (Reuters) - Capri Holdings ( CPRI ) beat

first-quarter revenue estimates on Wednesday, helped by

improving demand for the Michael Kors owner's luxury handbags

and footwear despite a broader retail slowdown.

The company's net revenue fell 6% to $797 million. Analysts

estimated a 25.7% decline to $793.1 million, according to data

compiled by LSEG.

(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by

Devika Syamnath)

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