US EditionMichael Kors parent Capri tops quarterly revenue estimate
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Michael Kors parent Capri tops quarterly revenue estimate
(Reuters) -Capri Holdings on Tuesday topped revenue estimates for the second quarter and announced a $1 billion share repurchase program. The company reported quarterly revenue of $856 million, compared with estimates of $825.7 million, according to data compiled by LSEG. (Reporting by Juveria Tabassum in Bengaluru; Editing by Vijay Kishore)
Capri Holdings Q2 losses widen ahead of Versace sale
Capri Holdings has reported that revenues from continuing operations fell 2.5% to $856m (£675m) for the second quarter ended 27 September, as the company prepares to complete the sale of its Versace brand to Prada. On a constant currency basis, sales were down 4.2% at the New York-listed luxury group during the second quarter and its operating margin stood at negative 1.4%, with an adjusted operating margin of 2.3%. In brand results, Michael Ko…
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