Capri Says Tariffs Will Impact Gross Margins In Current Fiscal Year -- Market Talk

Dow Jones

08/06

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)

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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) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 06, 2025 09:39 ET (13:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CPRI","symbol_name":"Capri Holdings Ltd","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2557370025","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557370025","pubTimestamp":1754487540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0939 ET - Michael Kors owner Capri says tariffs will impact gross margins in the current fiscal year by 30 basis points. 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(suzanne.kapner@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  August 06, 2025 09:39 ET (13:39 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}