Capri Holdings up after forecasting annual profit above expectations
27/05/2026 12:22
BUZZ-Capri Holdings up after forecasting annual profit above expectations ** Shares of Michael Kors owner Capri Holdings CPRI.N up about 4% at $19.20 premarket
** Co sees fiscal year 2027 profit per share of about $2.15, compared with analysts' expectations of $1.83 - data compiled by LSEG
** Annual revenue forecast of $3.53 billion in line with estimates
** Co says it intends to recover all $65 million of U.S. tariffs previously paid after Supreme Court order
** Q4 revenue of $796 million in line with estimates, while adjusted profit per share of 22 cents beat estimates of 11 cents
** Up to last close, stock has fallen ~24% YTD
(Reporting by Neil J Kanatt in Bengaluru)