Michael Kors Holdings Ltd.(NYSE:KORS) saw its shares rise in premarket trading after it unveiled market-beating third quarter results, which included the newly acquired Jimmy Choo brand.
In a statement, the clothing and accessories brand said net income came in at US$219.4mln or US$1.42 per share, down from the US$271.3mln, or US$1.64 per share, recorded in the year-ago period.
READ: Michael Kors up premarket after second quarter and company ups 2018 guidance
Adjusted EPS was US$1.77.
Revenue during the period shot up to US$1.44bn from US$1.35bn the year before, beating market’s consensus for EPS of US$1.29 and sales of US$1.38bn.
The results included two months of luxury brand Jimmy Choo, which the company had bought.
Same-store sales for Michael Kors' MK Retail however eased 3.2%.
John D. Idol, Chairman and Chief Executive Officer, said the results "delivered better than expected results and saw the successful integration of Jimmy Choo into our luxury group."
READ: US handbag maker Michael Kors buys UK shoemaker Jimmy Choo for US$1.2bn
"At Jimmy Choo, we continued to deliver glamorous luxury product and engaging brand communications, which helped drive revenue during the quarter.”
Michael Kors is guiding fourth-quarter revenue at between US$1.11bn and US$1.13bn, against market consensus for US$1.14bn.