February 6, 2019 / 11:40 AM / 3 months ago

Michael Kors owner Capri misses quarterly revenue estimates

Feb 6 (Reuters) - Capri Holdings Ltd, formerly Michael Kors, reported holiday-quarter revenue on Wednesday that fell short of Wall Street estimates, hurt by lower sales at its retail stores.

Total revenue remained largely flat at $1.44 billion, missing the average analyst estimate of $1.46 billion, according to IBES data from Refinitiv.

Net income attributable to the company fell to $199.6 million, or $1.33 per share, in the third quarter ended Dec. 29, from $219.4 million, or $1.42 per share, a year earlier. (Reporting by Uday Sampath in Bengaluru Editing by Saumyadeb Chakrabarty)

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