Capri Holdings jumps after annual forecast raise
30/10/2026 14:58
BUZZ-Capri Holdings jumps after annual forecast raise Updates
** Shares of Michael Kors parent Capri Holdings CPRI.N up as much as 19.1% at $19.14 - highest since July 2026
** If gains hold, stock on track for best day since April 2025
** 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 and Shania S Thomas from Bengaluru)