🔴 Capri Holdings is trading 5.33% down today after lowering its fiscal 2027 revenue outlook

Capri Holdings is trading 5.33% down today at $15.64 after the company lowered its fiscal 2027 revenue outlook despite beating adjusted EPS expectations.

• Revenue fell 3.5% year-over-year to $769 million, as weakness in the Michael Kors brand offset growth at Jimmy Choo.
• The downward revision is attributed to inventory delays, softness in the EMEA region, and ongoing currency headwinds.
• The selloff is viewed as company-specific, triggered by the guidance cut rather than broader market movement.