© Reuters. FILE PHOTO: People walk by a Michael Kors store in Lakewood, Colorado June 1, 2016. REUTERS/Rick Wilking/File Photo
(Reuters) – Michael Kors-owner Capri Holdings (NYSE:) 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.
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