(Reuters) – Capri Holdings 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 […]
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Capri forecasts annual revenue below estimates
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(Reuters) – Capri Holdings 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)