Michael Kors-owner Capri down after posting wider-than-expected quarterly loss

Capri Holdings

28/05/2025 12:29

** Shares of Michael Kors-owner Capri Holdings CPRI.N down ~3% at $17 premarket

** Co posts loss of 30 cents per share in the fourth quarter, wider than analysts' estimates of  loss of 15 cents per share, as per data compiled by LSEG

** Expects total annual revenue in the range of $3.3 billion to $3.4 billion, accounting for Versace now as part of discontinued operations

    ** Co says forecast excludes changes in global macroeconomic conditions, tariff rates, higher inflation or weakening consumer confidence

** Posts a 15.4% drop from a year ago to $1.04 billion in fourth-quarter revenue; analysts' expected 19.3% decline to $986.57 million

** Up to last close, stock down 16.7% YTD

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))