May 28 (Reuters) - Michael Kors-owner Capri Holdings
cut its revenue forecast for 2026 on Wednesday
signaling that tariff-related uncertainty was weighing on an
already fragile demand for its leather handbags and accessories
in North America and Asia.
The company now expects total annual revenue in the range of
$3.3 billionto $3.4 billion, compared with its February forecast
of about $4.1 billion. Analysts expected sales to fall 7.3% to
$4.07 billion, according to data compiled by LSEG.
(Reporting by Savyata Mishra in Bengaluru; Editing by Anil
D'Silva)