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Benzinga
Benzinga
Business
Triveni Kothapalli

Jimmy Choo, Michael Kors Parent Navigates Tariffs, Profit Decline

Hong,Kong,,June,16,,2018:,Jimmy,Choo,Store,In,Hong

Capri Holdings Ltd (NYSE:CPRI), a global fashion luxury group, on Tuesday reported its mixed second-quarter financial results.

The company reported an adjusted loss of 3 cents per share, missing analysts’ expectations for a profit of 13 cents. The loss compares with earnings of 64 cents per share a year earlier, reflecting a higher-than-anticipated tax rate.

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