Michael Kors recorded weaker sales at retail stores in Europe during the quarter ended September, causing the high-end handbag maker to report lower revenue than Wall Street was expecting.

Kors said on Wednesday net income attributable to the company fell to $137.6 million or 91 cents per shares in the three months ended Sept. 29, from $202.9 million or $1.32 per share a year earlier.

Total revenue rose 9.3 percent to $1.25 billion, narrowly missing analysts’ average estimate of $1.26 billion, according to IBES data from Refinitiv.

Products You May Like

Articles You May Like

Don’t overlook this opportunity in your 401(k)
Capital One buys tech startup used by millions to price-check while shopping on Amazon
The world’s largest shipping firm warns that the US-China trade war has hit demand
Here are your new income tax brackets for 2019
If you want to save millions on your cost of living in retirement, here’s a simple strategy

Leave a Reply

Your email address will not be published. Required fields are marked *