Michael Kors second-quarter profit rises 26%

Markets Reuters

(REUTERS)

Nov 6 (Reuters) - Michael Kors Holdings Ltd's quarterly profit rose 26 percent on Monday, helped by lower taxes and higher revenue from new store openings.

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Net income attributable to the company rose to $202.9 million, or $1.32 per share, in the second quarter ended Sept. 30, from $160.9 million, or 95 cents per share, a year earlier.

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The company, which completed its acquisition of upscale shoemaker Jimmy Choo this month, posted a 5.6 percent rise in revenue to $1.11 billion. (Reporting by Gayathree Ganesan in Bengaluru; Editing by Sriraj Kalluvila)

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