Capri forecasts annual revenue below estimates
ReutersFeb 5, 2025 11:49 AM
Feb 5 (Reuters) - Capri Holdings CPRI.N 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.
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