Michael Kors Holdings Ltd. posted strong first-quarter results, good enough to warrant raising its full-year fiscal 2019 outlook.
For the three months ended June 30, net income jumped 48.5 percent to $186.4 million, or $1.22 a diluted share, from $125.5 million, or 80 cents, in the year-ago quarter. On an adjusted basis, earnings per share were $1.32. Total revenues rose 26.3 percent to $1.20 billion, which included a $172.7 million contribution from the Jimmy Choo brand, from $952.4 million.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion