Capri brands’ strength offsets ‘headwinds’
03/11/2021
Group revenue increased 17% to $1.3 billion.
Versace revenue of $282 million increased 45%, Jimmy Choo revenue of $137 million increased 12% and Michael Kors revenue of $881 million increased 11%.
Capri CEO John Idol said: "We remain confident in the strength of our luxury houses and are pleased to be raising revenue and earnings guidance for the year.
"Our new outlook reflects both stronger revenue performance as well as greater than anticipated gross margin expansion driven by the execution of our strategic initiatives.
"The success of these initiatives is currently offsetting the covid-19-related industry headwinds including supply chain delays and increased transportation costs.”
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