Michael Kors owner Capri misses quarterly revenue estimates
A Michael Kors Holdings Limited retail store is shown in La Jolla, California, U.S., May 17, 2017. REUTERS/Mike Blake
(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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