Michael Kors, Versace parent Capri raises annual revenue forecast on luxury rebound
Michael Kors, Versace parent Capri raises annual revenue forecast on luxury rebound
A Michael Kors retail store on Market Street in San Francisco.
Adam Jeffery | CNBCMichael Kors parent Capri Holdings on Friday raised its annual revenue forecast for the second time this year after beating Wall Street estimates for first-quarter revenue, as shoppers splurge on its high-end clothes and bags.
The luxury retailer, which had earlier raised its outlook in late June, expects total…