Salem Radio Network News Sunday, October 1, 2023

Business

Michael Kors owner Capri beats sales estimates on China recovery

(Reuters) – Michael Kors parent Capri Holdings Ltd beat estimates for fourth-quarter revenue on Wednesday, buoyed by a sales rebound in China following easing of pandemic-related curbs late last year.

The luxury group posted quarterly revenue of $1.34 billion, compared with analysts’ average estimate of $1.28 billion, according to IBES data from Refinitiv.

(Reporting by Savyata Mishra in Bengaluru; Editing by Vinay Dwivedi)

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