August 8, 2018 / 10:39 AM / 2 months ago

Michael Kors quarterly revenue beat estimates

Aug 8 (Reuters) - Michael Kors Holdings Ltd topped Wall Street forecasts for first-quarter revenue on Wednesday, benefiting from strong demand for Jimmy Choo shoes.

Net income attributable to Kors rose to $186.4 million, or $1.22 per share, in the quarter ended June 30, from $125.5 million, or 80 cents per share, a year earlier.

Total revenue rose 26.3 percent to $1.20 billion, beating the average analyst estimate of $1.14 billion, according to Thomson Reuters I/B/E/S.

Reporting by Uday Sampath in Bengaluru

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