Michael Kors-Owner Beats Revenue Estimates on Resilient Luxury Demand
KONTAN.CO.ID - Michael Kors-owner Capri Holdings Ltd beat quarterly revenue estimates on Tuesday, helped by unwavering demand for luxury goods from higher-income consumers who remain largely unaffected by rising prices.
The effects of 40-year-high inflation has shown little, if any, impact on middle- and high-income households who have been spending on designer labels since the return of socializing and will continue to do so undeterred by the economic crisis.
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