Michael Kors quarterly sales rise 57 percent
May 29 (Reuters) - High-end clothing and accessories maker Michael Kors Holdings Ltd reported a 57 percent rise in quarterly sales as demand for its products increased around the world.
The company said its fourth-quarter net income more than doubled to $101.1 million, or 50 cents per share, from $43.6 million, or 22 cents per share, a year earlier.
Excluding a $2 million credit related to expenses for its initial public offering in December 2011, net income was 21 cents per share.
Revenue at the company was $597.2 million.
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video