🔴 Capri Holdings is trading 5% down today after reducing fiscal 2027 revenue guidance

Capri Holdings is trading 5% down at $15.21 after management reduced fiscal 2027 revenue guidance to approximately $3.4 billion from $3.53 billion.

• The revision reflects delayed Michael Kors receipts, weaker EMEA demand, and foreign-exchange headwinds, despite a first-quarter adjusted EPS beat.
• Reuters reported a 2% premarket decline on August 5 after the guidance reduction.
• Volume was 5.6 million shares versus a 2.81-million average; investors prioritized the weaker outlook over its EPS beat, and the decline appears company-specific.