Capri Shares Fall Despite Tariff Refunds -- Market Talk
Dow Jones05-27
0922 ET - Capri shares fell 6.8% in pre-market trading after the owner of Michael Kors and Jimmy Choo reported another quarter of declining sales. The net loss narrowed, aided by 28 cents in tariff refunds. The company says its entitled to a refund of about $65 million in IEEPA tariffs. It recorded $40 million as a reduction to the recently completed fiscal year's cost of goods sold and $25 million as an inventory reduction. (suzanne.kapner@wsj.com)
(END) Dow Jones Newswires
May 27, 2026 09:23 ET (13:23 GMT)
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