Growth in Q2, but Capri’s full-year outlook is now more cautious

14/11/2022

Luxury group Capri, whose brands are Michael Kors, Versace, and Jimmy Choo, has reported revenues of $1.4 billion for the second quarter of its current business year, growth of 8.6% year on year.

However, on reporting these results, it lowered its full-year forecast, blaming an increasingly uncertain macroeconomic environment, currency headwinds and the ongoing impact of covid-related restrictions in China.