💨 Abstract

**Traffic and weather alerts in Urbana. Capri Holdings, a London-based luxury retailer, reported a substantial fiscal Q4 loss of $645 million, or $5.44 per share, missing Wall Street expectations. Despite this, revenue reached $1.03 billion, surpassing analysts' forecasts. Annual loss was $1.18 billion, but the company expects a turnaround, predicting a profitable current year with earnings between $1.20-$1.

Courtesy: WTOP Staff