🟢 Capri Holdings is trading 7.33% up after raising fiscal 2027 guidance

Capri Holdings is trading 7.33% up now at $20.05 after raising fiscal 2027 guidance, following its October 30 earnings beat.

• Adjusted EPS was $0.42 versus $0.21 expected; revenue also beat expectations.
• Fiscal 2027 revenue guidance was raised to $3.42 billion and EPS guidance to $2.20.
• Reuters reported shares jumped after the outlook increase and management’s expectation that sales return to growth. Shares rose 16.31% on October 30, with the broader market rebound potentially adding support.