Michael Kors owner Capri Holdings beats quarterly revenue estimates
06/08/2025 11:49
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. (Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Devika Syamnath) ((AnujaBharat.Mistry@thomsonreuters.com;))