Capri Holdings has reported weaker Q1 FY27 results, with revenue declining 6 per cent YoY to $1.19 billion and net income falling to $59 million amid subdued luxury demand.
Sales declined across Michael Kors, Versace and Jimmy Choo.
The company lowered its FY27 outlook, citing inventory delays, weaker EMEA demand linked to the Middle East conflict and foreign exchange headwinds.Capri Holdings has reported weaker Q1 FY27 results, with revenue declining 6 per cent YoY to $1.19 billion and net income falling to $59 million amid subdued luxury demand.
Sales declined across Michael Kors, Versace and Jimmy Choo.
The company lowered its FY27 outlook, citing inventory delays, weaker EMEA demand linked to the Middle East conflict and foreign exchange headwinds.
