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

Why that IRS calculator might not be enough to pinpoint your 2019 tax liability
After megabanks post record quarterly profit, industry has nowhere to go but down
Cramer Remix: Waste Management is the stock to get into here
Restaurants are investing in photogenic decor to attract Instagram users
United tops Wall Street estimates on first-quarter profit, misses on revenue

Leave a Reply

Your email address will not be published.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