Reports Q2 revenue $1.29B, consensus $1.35B. John D. Idol, the Company’s Chairman and Chief Executive Officer, said, “Capri Holdings’ second quarter results were below our expectations due to macro-economic headwinds as well as Ecommerce implementation related challenges. In early July, we implemented a new Ecommerce platform for Michael Kors in the Americas. While we are excited about the long-term benefits, the transition negatively impacted our second quarter results. Additionally, during the quarter consumer demand for fashion luxury goods softened primarily in the Americas.”
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