Capri misses holiday-quarter revenue estimates - Reuters - 1 minute read




Feb 3 (Reuters) - Capri Holdings Ltd’s holiday-quarter revenue missed estimates on Wednesday as coronavirus-induced store closures in major European markets crimped the luxury fashion house’s sales.
Total revenue fell to $1.30 billion from $1.57 billion in the third quarter ended Dec. 26, missing analysts’ average estimate of $1.33 billion, according to IBES data from Refinitiv. (Reporting by Uday Sampath in Bengaluru; Editing by Vinay Dwivedi)

Source: Reuters

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