Michael Kors Holdings Ltd. (NYSE: KORS) released its fiscal third-quarter financial results before the markets opened on Wednesday. The company said that it had $1.77 in earnings per share (EPS) and $1.44 billion in revenue, compared with consensus estimates from Thomson Reuters of $1.29 in EPS on revenue of $1.38 billion. The same period of last year reportedly had EPS of $1.64 and $1.35 billion in revenue.

Overall, total revenue increased 6.5% in the quarter, including a $114.7 million contribution from Jimmy Choo, which the company owned for only two months of the quarter. On a constant currency basis, total revenue increased 4.6%.

During the quarter, MK Retail revenue increased 1.1% to $846.3 million, driven in large part by 32 net new store openings. MK Wholesale revenue decreased 8.9% to $430.8 million and on a constant currency basis decreased 10.5%. And MK Licensing revenue increased 12.3% to $48.3 million.

Looking ahead to the fiscal fourth quarter, the company expects to see EPS in the range of $0.50 to $0.55 and revenues between $1.11 billion and $1.13 billion, with comparable sales declining in the low single digits. The consensus estimates call for $0.59 in EPS and $1.14 billion in revenue.

On the books, Michael Kors cash and cash equivalents totaled $317.1 million at the end of the quarter, down from $368.8 million in the same period of last year.

John D. Idol, board chair and chief executive, commented:

We are pleased with our third quarter performance, which delivered better than expected results and saw the successful integration of Jimmy Choo into our luxury group. The Michael Kors brand continued to make progress on Runway 2020 initiatives across product innovation, brand engagement and customer experience. Our innovative fashion luxury product offerings for the holiday season created excitement among consumers. At Jimmy Choo, we continued to deliver glamorous luxury product and engaging brand communications, which helped drive revenue during the quarter.

Shares of Michael Kors traded up 2.7% at $67.11 early Wednesday, with a consensus analyst price target of $64.85 and a 52-week range of $32.38 to $68.35.

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