Capri Holdings stock slides on Q3 miss, weak outlook

Wed, Feb 5, 2025, 1:17 PM

Shares of Capri Holdings (CPRI) — the parent company of luxury brands Michael Kors, Versace, and Jimmy Choo — are declining after the company missed fiscal third quarter earnings estimates on both revenue and profit. Adding to investor concerns, the company provided weaker-than-expected guidance, with the CEO projecting a return to growth in fiscal 2027.

"Market Domination" hosts Julie Hyman and Josh Lipton break down the details of the report.

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This post was written by Angel Smith