Capri Holdings Projects Fiscal 2027 Revenue of $3.42 Billion and EPS of $2.20
Capri Holdings Limited (CPRI) has provided its fiscal 2027 financial outlook, forecasting annual revenue of approximately $3.42 billion and earnings per share (EPS) of $2.20. Management expressed optimism regarding recent momentum within the Michael Kors and Jimmy Choo brands, noting that new fall product launches are driving strong full-price sales. The company is specifically targeting a return to growth for the Michael Kors brand starting in the fourth quarter. This strategic focus on inventory freshness and brand momentum aims to stabilize performance across its luxury portfolio following recent market fluctuations.
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