Capri Holdings jumps after annual forecast raise
30/10/2026 11:19
BUZZ-Capri Holdings jumps after annual forecast raise ** Shares of Michael Kors parent Capri Holdings CPRI.N up 6% at $17.05 premarket
** Expects annual profit of about $2.20 per share, compared with prior forecast of $2.15 per share
** Q2 total revenue of $809 million vs analysts' average estimate of $781 million - data compiled by LSEG
** Q2 adj EPS of 42 cents beats estimates of 21 cents
** "We continue to expect total company revenue to return to growth in the second half of fiscal 2027," says CEO John D. Idol
** As of last close, stock down 34% YTD
(Reporting by Koyena Das from Bengaluru)