Capri news and archive

Michael Kors parent Capri Holdings beats Q3 earnings estimates

Michael Kors parent company Capri Holdings beat Q3 earnings estimates on Wednesday and marked its second consecutive profit-making quarter. The luxury fashion group, which also owns brands Jimmy Choo and Versace, reported net income of 179 million dollars, a 14.8 percent drop compared to Q3 2019. For the three months ended 26 December, total...

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Capri Q3 revenues up but warns of 100 million dollar hit from coronavirus

Michael Kors owner Capri Holdings has warned that the coronavirus outbreak in China, which has already prompted the closure of 150 of its 220 stores in the region, could result in a 100 million dollar hit to its revenue. The company, which owns brands Michael Kors, Versace, and Jimmy Choo, made the announcement while releasing its results for...