Capri Holdings, the luxury goods conglomerate that owns Versace, Jimmy Choo and Michael Kors, has raised its fiscal 2022 revenues and adjusted earnings per share guidance.
The company now expects full-year revenues to be about $5.15 billion compared to a previous guidance of $5.10 billion, primarily reflecting better-than-anticipated fiscal first-quarter sales.
Capri now expects full-year adjusted earnings per share to be $3.80-$3.90, compared to a prior guidance of $3.70-$3.80.
“As the world reopens, we are pleased to be seeing better-than-expected performance from all three of our iconic fashion luxury houses and are raising our outlook for the year. With greater visibility into the path of the global economic recovery, we now have even more confidence in the future and believe our three luxury houses position Capri Holdings to deliver multiple years of strong revenue and earnings growth,” said the chairman and CEO, John Idol.