WSJ
30 Oct 2026, 12:21 UTC · 1h ago
Capri Holding Swings to Quarterly Profit
Impact · against what's priced in
Capri Holdings presents a mixed fundamental outlook with a return to quarterly profitability and a raised earnings target offset by weakening top-line growth at Michael Kors. The net effect is slightly positive as the improved bottom-line profile outweighs the revenue headwinds.
- CPRI+0.20
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- In context
The swing to a second-quarter profit and an increased full-year earnings target provide a positive catalyst, though this is partially tempered by a lowered annual revenue forecast driven by Michael Kors.
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