- Advertisement -
Capri Holdings on Tuesday raised its annual revenue forecast, banking on steady demand for apparel and handbags across its Jimmy Choo and Michael Kors brands.
Shares of the company were up about 4 percent before the bell.
The company has been working to stabilize its core portfolio after divesting Versace to Prada late last year, as it contends with margin pressures from tariffs and uneven demand across regions.
While the larger Michael Kors label remained under pressure, with sales declining…
