Capri Holdings Boosts FY22 Outlook - Quick Facts

(RTTNews) - Ahead of its Virtual Investor Day meeting later on Tuesday, fashion luxury group Capri Holdings Ltd. (CPRI) raised its earnings and revenue outlook for the f or the full-year 2022, primarily reflecting better than anticipated fiscal first quarter sales trends.

For fiscal 2022, the company now projects earnings in a range of $3.80 to $3.90 per share on total revenues of about $5.15 billion.

Previously, the company expected earnings in the range of $3.70 to $3.80 per share on total revenues of about $5.1 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.87 per share on revenues of $5.15 billion for the year. Analysts' estimates typically exclude special items.