** Michael Kors-owner Capri Holdings <CPRI.N> rises almost 5% to $21.68 in premarket

** Co tops Q2 revenue estimates helped by improving demand for its brands, including Michael Kors

** Announces $1 billion share repurchase program

** Reports quarterly revenue of $856 million vs estimates of $825.7 million- data compiled by LSEG

** As of last close, stock down 1.6% YTD

(Reporting by Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))