(Reuters) – Michael Kors parent Capri Holdings Ltd raised its forecast for financial year 2022 revenue and earnings on Tuesday, as easing pandemic-related curbs encourage consumers to return to stores to splurge on luxury goods.
The company expects annual revenue of about $5.15 billion, compared to previous forecast of about $5.10 billion and adjusted earnings to be between $3.80 and $3.90 per share, from $3.70 to $3.80 earlier.
(Reporting by Nivedita Balu in Bengaluru; Editing by Rashmi Aich)
