Versace-parent Capri Holdings posted a bigger-than-expected drop in quarterly revenue on Thursday, hurt by execution missteps across brands and a global slowdown in luxury goods demand. The company’s net revenue fell 16.4% to $1.08 billion from a year earlier. Analysts were expecting an 8.7% decline to $1.18 billion, according to data compiled by LSEG.
Yahoo! Finance: CPRI News
