By  on August 8, 2018

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.

To continue reading this article...

load comments
blog comments powered by Disqus