(Reuters) – Michael Kors owner Capri Holdings Ltd missed holiday-quarter revenue expectations on Wednesday, hurt by a surge in COVID-19 infections in China that dulled demand for luxury products late last year.
The company’s quarterly revenue fell 6% to $1.51 billion in the third quarter ended Dec. 31, compared with analysts’ estimates of $1.53 billion, according to Refinitiv IBES data.
(Reporting by Uday Sampath and Anne Florentyna Gnanaraja Sekar in Bengaluru; Editing by Maju Samuel)
