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Michael Kors Profit Jumps 49 Percent as Luxury Spending Stays Strong

Michael Kors Autumn/Winter 2013 Campaign | Source: Michael Kors

Reuters

05 November 2013

NEW YORK, United States — Michael Kors Holdings Ltd, a maker of fashion apparel and accessories, reported a 49 percent jump in quarterly profit as sales rose in Europe and North America.

The company's net income rose to $145.8 million, or 71 cents per share, in second quarter ended September 28 from $97.8 million, or 49 cents per share, a year earlier. Revenue rose about 40 percent to $740.3 million.

By Aditi Shrivastava; Editor: Kirti Pandey

Copyright (2013) Thomson Reuters. Click for restrictions

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