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Michael Kors parent Capri lowers annual revenue forecast
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Michael Kors parent Capri lowers annual revenue forecast
May 28, 2025 4:13 AM

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)

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