Feb 3 (Reuters) - Capri Holdings ( CPRI ) on Tuesday

raised its annual revenue forecast, banking ‌on steady demand for

apparel and handbags across its ​Jimmy Choo and Michael Kors

brands.

Shares of ‍the company were up about ⁠4% ⁠before the bell.

The company has been working to ‌stabilize its core portfolio

after ​divesting Versace to Prada late last year, as it

contends with ⁠margin pressures from ‍tariffs ​and uneven demand

across regions.

While the larger Michael Kors label remained under pressure,

with ‍sales declining 5.6% in the third quarter, Jimmy Choo

logged a 5% jump.

The company now expects fiscal year 2026 revenue in the

range of $3.45 ​billion ‍to $3.48 billion, compared with its prior

forecast of $3.38 billion to $3.45 billion.

It reported ​a drop of 4% in revenue to $1.03 billion in the

quarter ended December 27, slightly beating analysts' estimates

of $1 billion, according to data compiled by LSEG.

The company's earnings ​per share for the quarter came in at

81 cents, beating estimates of 77 cents.

(Reporting by ‍Angela Christy in Bengaluru; Editing by Shinjini

Ganguli)