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

CES 2019: What really mattered
Disney is already losing over $1 billion in streaming, and its Netflix competitor has yet to launch
Toyota, Paccar team up on clean hydrogen tech that Elon Musk and others dismiss as ‘fool cells’
JP Morgan CEO Jamie Dimon gets raise to $31 million after bank posts record earnings for 2018
Stocks making the biggest moves premarket: JPM, UNH, DAL, AAPL, TLRY & more

Leave a Reply

Your email address will not be published.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