August 7, 2019 / 10:40 AM / 15 days ago

Michael Kors-owner Capri misses sales estimates

Aug 7 (Reuters) - Capri Holdings Ltd posted quarterly revenue below analysts’ estimates on Wednesday, hurt by lower sales at its Michael Kors retail stores.

Net income attributable to the company fell to $45 million, or 30 cents per share, in the first quarter ended June 29 from $186 million, or $1.22 per share, a year earlier, due to an impairment charge.

Total revenue rose to $1.35 billion from $1.2 billion, missing analysts’ average estimate of $1.37 billion, according to IBES data from Refinitiv. (Reporting by Uday Sampath in Bengaluru; Editing by Anil D’Silva)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below