Michael Kors second-quarter profit rises 26%
![](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2018/02/931/506/c63477bf-Michael-Kors-logo.jpg?ve=1&tl=1)
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.
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.
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)