Capri Says Tariffs Will Impact Gross Margins In Current Fiscal Year -- Market Talk
Dow Jones
Aug 06
0939 ET - Michael Kors owner Capri says tariffs will impact gross margins in the current fiscal year by 30 basis points. Tariffs will increase its cost of goods sold by $85 million, up from a prior estimate of $60 million. The company is trying to offset the costs by working with suppliers on efficiencies, moving production to minimize tariff exposure and increasing prices on certain items. (suzanne.kapner@wsj.com)
(END) Dow Jones Newswires
August 06, 2025 09:39 ET (13:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.