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Michael Kors profit jumps 49 pct as luxury spending stays strong

Tuesday, 5 Nov 2013 | 7:08 AM ET

Nov 5 (Reuters) - Michael Kors Holdings Ltd, a maker of fashion apparel and accessories, reported a 49 percent jump in quarterly profit as sales rose in Europe and North America.

The company's net income rose to $145.8 million, or 71 cents per share, in second quarter ended Sept. 28 from $97.8 million, or 49 cents per share, a year earlier.

Revenue rose about 40 percent to $740.3 million.

(Reporting by Aditi Shrivastava in Bangalore; Editing by Kirti Pandey)