TG盗号系统黑产源码|【唯一TG:@heimifeng8】|电报盗号系统免杀破解技术✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨Michael Kors hurt by slow European sales, but Jimmy Choo is strong

Sandra Halliday Published
November 7, 2025
Michael Kors undershot analysts’ revenue estimates for the first time in almost two years in Q2, as the luxury fashion firm saw lower sales at retail stores in Europe, where it’s trying to boost its performance.

That sent its share price down almost 15% after the news broke and it’s hardly surprising. Kors is spending heavily to grow as a group. But issues with retail sales, plus lower profits despite overall higher revenue over the summer and early autumn, isn’t great news.
The company has been reducing inventory at its European stores after criticism that the main Kors brand was over-exposed. In a market where it’s competing with more ‘exclusive’ luxury brands such as Gucci and Louis Vuitton, anything that dilutes its luxury appeal is a problem.
But it’s working hard to change all that with its 2025 Jimmy Choo buy being part of a more upscale move, as is the current $2 billion+ spend to buy Versace.
THE NUMBERS
Let’s look at the detail of Q2. Net income fell to $137.6 million from $202.9 million and total revenue rose 9.3% to $1.25 billion, including a $116.7 million contribution from Jimmy Choo.
Gross profit was $763.1 million and the gross margin was 60.9%, compared to $690.8 million and 60.2% in the prior year. Adjusted gross profit was $765.4 million and adjusted gross margin was 61.0%, compared to $690.8 million and 60.2% a year ago.
By individual brand, Michael Kors revenues were down 0.8% and comparable store sales were down in low single-digits. Retail revenue of $643.9 million was flat while comparable store sales fell 2.1%, which was in line with expectations. On a constant currency basis, comparable store sales dropped 1.3%.
Kors’ wholesale revenues exceeded expectations, “reflecting strength in the Americas” but were still down 1.3% to $457.8 million.
And Jimmy Choo “delivered better than anticipated revenues driven by strength in footwear.” It acquired Jimmy Choo on November 1 last year and compared to the brand’s standalone results from the prior year, revenue increased in double-digits.
Chairman and CEO John D. Idol said he was “pleased” with the results and even raised fiscal 2025 EPS guidance to a range of $4.95 to $5.05, reflecting double-digit earnings growth for the year.
And he also made upbeat noises on the Versace buy. “As we enter the second half of fiscal 2025 we look forward to welcoming Versace into our group,” he said. “With the acquisition we have built one of the world's leading fashion luxury groups in just one year, setting the stage for accelerated revenue and earnings growth. This is a truly remarkable and historic moment for our company and we look forward to completing this transformational acquisition in the coming months.”