Capri Holdings’ Q3 Beats Estimates; Misses on Revenue Expectations

Retail sales at Michael Kors stores hurt Q3 results.

Capri Holdings Ltd., formerly Michael Kors Holdings Ltd., reported mixed third-quarter results, but managed to beat adjusted EPS estimates by 18 cents, giving the company a reason to raise its previous adjusted earnings per share guidance. For the three months ended Dec. 29, net income slipped 9.1 percent to $199.6 million, or $1.33 a diluted…

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