Reported 1 day ago
Capri Holdings, the owner of Michael Kors, reported a fiscal fourth-quarter loss of $4.90 per share, significantly higher than analysts' expectations, leading to a decline in share value. The company also lowered its full-year revenue projections following the sale of its Versace brand to Prada and expressed concerns over the impact of tariffs on the global economy. CEO John D. Idol remains optimistic about future growth despite a challenging year's performance.
Source: YAHOO