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Michael Kors owner Capri Holdings beats quarterly revenue estimates

ReutersAug 6, 2025 10:49 AM

Aug 6 (Reuters) - Capri Holdings CPRI.N beat first-quarter revenue estimates on Wednesday, helped by improving demand for the Michael Kors owner's luxury handbags and footwear despite a broader retail slowdown.

The company's net revenue fell 6% to $797 million. Analysts estimated a 25.7% decline to $793.1 million, according to data compiled by LSEG.

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