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Michael Kors Weighs Down Capri Holdings’ Mixed Q2

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Capri Holdings met Wall Street's revenue estimates for the second quarter, but missed on EPS, as trouble in Asia hurt sales across brands.
While comps at stores open for a year were better than analysts feared, wholesale distribution to department stores remain a challenge for the Michael Kors brand.
CREDIT: Shutterstock

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Although Capri Holdings Ltd.’s second-quarter results met Wall Street’s revenue estimate, it still missed the per-share earnings estimate by 8 cents. And while protests in Hong Kong hurt Versace’s international business, results at Michael Kors that suggest that the brand’s turnaround is still a work in progress. In a Nutshell: The second quarter wasn’t exactly…

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