Refile: Michael Kors parent Capri forecasts annual profit above estimates
27/05/2026 11:50
REFILE-Michael Kors parent Capri forecasts annual profit above estimates Corrects ticker symbol in paragraph 1
May 27 (Reuters) - Capri Holdings <CPRI.N> forecast annual profit above Wall Street estimates on Wednesday, as the company bets on its turnaround strategy focused on reviving Michael Kors to offset the decline in demand.
It expects fiscal year 2027 profit per share of about $2.15, compared to analysts' expectation of $1.83, according to data compiled by LSEG.
(Reporting by Sanskriti Shekhar in Bengaluru; Editing by Pooja Desai)
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