Michael Kors parent Capri Holdings raises annual profit forecast -Breaking
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© Reuters. FILE PHOTO – People pass by the Michael Kors store at Lakewood in Colorado on June 1, 2016. REUTERS/Rick Wilking/File Photo(Reuters) – Michael Kors Owner Capri Holdings Ltd (NYSE) Ltd has raised its annual profit outlook for the year. This is due to price increases and high demand for Jimmy Choo and designer handbags across North America and Europe.
Fiscal 2022 earnings per share are expected to be about $5.30, as opposed with an earlier forecast of $4.50.
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