Michael Kors owner Capri beats quarterly revenue estimates

Credit: REUTERS/BRENDAN MCDERMID

May 29 (Reuters) - Capri Holdings Ltd CPRI.N, formerly Michael Kors, reported slightly higher-than-expected quarterly revenue on Wednesday, helped by its recently acquired Versace brand and demand for Jimmy Choo stilettos.

Net income attributable to the company fell to $19 million, or $0.13 per share, in the fourth quarter ended March 30, from $44 million, or $0.29 per share, a year earlier.

Total revenue rose 13.9% to $1.34 billion, edging past the average analyst estimate of $1.33 billion, according to IBES data from Refinitiv.

(Reporting by Soundarya J in Bengaluru Editing by Saumyadeb Chakrabarty)

((soundarya.j@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 2153; Reuters Messaging: soundarya.j.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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