Michael Kors Owner Capri Posts Wider-Than-Estimated Q4 Loss, Lowers Outlook
1. Capri Holdings posts a larger-than-expected quarterly loss of $4.90 per share. 2. Revenue of $1.04 billion exceeded expectations but failed to buoy share prices. 3. Full-year outlook lowered; fiscal 2026 revenue projected at $3.3-$3.4 billion. 4. Capri's merger with Tapestry was blocked, raising further strategic concerns. 5. Sale of Versace to Prada for almost $1.4 billion classified as discontinued.