Michael Kors parent Capri lowers annual revenue forecast

CPRI•2026-08-05

Capri cuts annual revenue outlook

Aug. 5 (Reuters) - Michael Kors-owner Capri Holdings cut its annual revenue forecast on Wednesday, hurt by weak demand for Michael Kors' leather handbags and accessories amid macroeconomic uncertainty.

The company now expects fiscal year 2027 total revenue of $3.4 billion, compared with its prior forecast of about $3.53 billion.

Michael Kors parent Capri lowers annual revenue forecast

Capri cuts annual revenue outlook

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