American maker of luxury apparel, footwear, accessories Michael Kors
said on Wednesday its Q1 net income for 2018 rose by 48.4 percent. Revenues
for the quarter rose by 26.3 percent from the same period last year.
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The company’s net income for Q1 2018 was 186.2 million US dollars, up
from 125.5 million US dollars a year earlier. Revenues rose to 1,202.50
million US dollars. The profit margin of the company increased to 15.5
percent compared to 13.2 percent a year ago.
Michael Kors Holdings Limited was founded in 1981 by Michael Kors and is
based in New York, USA. Offering three primary collections: The Michael
Kors Collection luxury line, the Michael Kors accessible luxury line and
the Michael Kors Mens line along with a fashion-forward product range from
Jimmy Choo, the company that started as an American luxury sportswear house
has today emerged as a global accessories, footwear and apparel major.
Offering women’s and men’s accessories, footwear, apparel, wearable
technology, watches, jewellery, eyewear and fragrance, the New York-listed
company has over 14.840 employees worldwide and operates more than 820
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