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Michael Kors owner Capri raises full-year profit forecast

Michael Kors owner Capri raises full-year profit forecast

Michael Kors owner Capri raises full-year profit forecast 150 150 admin

(Corrects to fiscal 2023 from fiscal 2022 in paragraph 2)

(Reuters) -Michael Kors owner Capri Holdings Ltd raised its full-year profit forecast on Wednesday, signaling robust demand for its luxury goods as higher-income consumers return to their old shopping routines.

The company forecast fiscal 2023 profit of about $6.85 per share, compared with its prior estimate of about $6.60 per share.

(Reporting by Uday Sampath in Bengaluru; Editing by Amy Caren Daniel)

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