By Dean Seal
Capri Holdings at its investor day event laid out long-term revenue targets that call for a shortfall next fiscal year and a rebound to follow.
The fashion conglomerate that owns Versace and Michael Kors said Wednesday that it still expects $4.4 billion in revenue for fiscal 2025, which concludes at the end of March.
For the fiscal year that follows, the company expects $4.1 billion in adjusted revenue. Analysts are projecting $4.11 billion in net revenue, according to FactSet.
Capri is projecting a rebound in adjusted revenue to $4.4 billion in fiscal 2027, above current analyst estimates for $4.31 billion in net revenue, and a jump to $4.7 billion in fiscal 2028.
Shares were up 2%, at $21.94, in early trading.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 19, 2025 11:31 ET (16:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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