(Reuters) – Michael Kors-owner Capri Holdings Ltd lowered its annual profit forecast on Wednesday, blaming a hit from a stronger dollar and a slow demand recovery in the key Chinese market due to persistent COVID-19 curbs.
The company forecast fiscal 2023 revenue of $5.7 billion, compared with its prior estimate of about $5.85 billion.
(Reporting by Uday Sampath in Bengaluru; Editing by Vinay Dwivedi)