Capri Raises Annual Forecasts as Sales Trends Improve

Capri Holdings shares jumped over 19 percent after the luxury group raised its annual revenue and profit forecasts. The company expects sales to return to growth driven by new collections and increased marketing.

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Models present creations from the latest Michael Kors collection during New York Fashion Week in Manhattan, New York City, U.S., September 11, 2026. REUTERS/Caitlin Ochs

CAPRI HOLDINGS LTD shares jumped over 19% on Friday afternoon after the luxury group raised its annual revenue and profit forecasts.