Capri Holdings — parent company of Michael Kors, Jimmy Choo, and Versace — today announced its third-quarter fiscal 2021 results ended December 26, 2020, which reflect the ongoing negative effects of the COVID-19 pandemic on the global level, tempered by positive growth in mainland China.
According to a company release, Capri Holdings recorded total revenue of $1.3 billion for the quarter, a 17.1 decline compared to last year and a decrease of 19.5 percent on a constant currency basis. Gross profit reached $848 million, down from $934 million one year prior.
Despite expectations that lingering global economic uncertainty could suppress high-end spending throughout most of 2021 at least, the group’s results offer some relatively…