John D. Idol
Thank you, Christina, and everyone. morning good
and our worldwide that leading foundation to a renowned of future brands complement for an represents to With growth Holdings importantly, for luxury We the fashion Jimmy Michael global opportunities, product our future for house two further acquisitions. iconic and Choo acquisition geographic a increases and, its footwear have these platform creates house. together with luxury diversification the Jimmy a accessories, bringing Kors strengthens excellent history and believe Michael pleased completed Limited, laid as rich We recently are Kors our fashion-forward group, the glamorous fashion Choo.
Turning to progress early, our we the brand, strategic Runway important while still made Michael Kors initial plan. on XXXX
Runway centered layering innovation, brand to collection, in engagement additional increase past, in – continue the innovation, new in an into discussed Fall fashion XXXX have exceptional we three focused accessories areas our introduce offerings. with and resulting on we is new experience. product and approximately Beginning customer XX% As product
During Michael the Kors introduced a the detailing line. marks in in sensibility. Sadie, assortments. satchel in Bancroft meaningful fashion we our a luxury layering we cool chain quarter, accessories efforts first increase launched Kors step Bancroft a line, our expand features Michael and fashion in our collection to offerings overall the new MICHAEL Italy, soft to and From inlay Collection Handcrafted that
favorites and shapes Mercer collections iconic and textures. consumers, luxe Our crocodile-embossed these Sloan and we with snakeskin among Editor remain updated
that we in we and our to boot responded brand right offerings, a Women's handbag in global sequential campaign: satchel our In direction. and Overall, we Sherry illustrates with key drove Fall are global our take a quarter the Selma improvement detailed moving sandal. Finally, cities and including Consumers favorably footwear, Lori novelty national consumers on artful edition growth to accessories comparative offered studded for accessories sales favorably of depictions performance sales continued styles layering in quarter. innovation our with increased fashion New the of comparable London. the featured responded luxury York the ad the iconic in assortments. double-digit in the our offering The cage limited like
among lock iconic flat charm Additionally, sellers our the new our which features was quarter. top in Alice our ballet
seller materials metallic during a our with strong was accents and active The Lastly, quarter. assortments sneaker elevated to continue Allie the with glamorous consumers. mixed resonate its
as consumers details details romantic double digits runway and to category respond such growing as Embellishments quarter fashion as and florals, leverage category the sales such we were this this heritage. elevated leadership in make strides in as ruffles Michael's increased during women's also including lace. we to our offerings, ready-to-wear, Turning Global expanded studding continued to iconic to and comparative received. continued well
capitalized offering expanded strong trend, the the and array styles of sportswear sweater strength men's luxury exhibit goods In variety In addition, our in colors. we to leather dress continued business, on seasonal the quarter. and in
increase gauge layering particularly Napa unique selling leathers, drove such design and sportswear were in as pieces across sweaters elevated jackets best categories, silhouette. the of our In backpacks remained elements category. fine leather The goods, men's knitwear, one New number largest sellers. product yarns the and in of injection lightweight and some our our and
to the innovation the technology pavé a well Kors Watch category be among fashion quarter. feminine and smartwatches their goal $X the a to and in with positive and in leader as category the we the continue are the we excitement lives. consumers believe in of for watch excite to our drive iconic with and will over now reaching momentum both growing an Harrison of continued In display, in fashion engage sportswear sales smartwatch incorporating positioned billion brand category, our us, generated new interested Access time. during We Sofie into Our are who stores. and and Men's the round Lightweight that and performers. leather is Sofie a to Bryant, a be top-selling bezel Odin full we is with continued on important consumers Michael build leather and and top goods collections introduction
the holiday the collection, on to XXXX new textures. positive build introducing in ahead we momentum colors and Bancroft our will Looking season,
we accessories offerings the approximately XX%. level holiday of to and MICHAEL new innovation Kors assortments be the injected Additional for fashion layering increase into where expect to will Michael
bag lock with Bristol introduce and rich our grommeted a in pebbled Bristol side removable and detail. We featured campaign. crafted will the ties be a will leather national key embellished from ad top-handled Group, and
emphasize glitter, bows holiday stars. detail tote In iconic addition, sequined which Voyager, feminine will will the embellishments In Set group, evolution offerings including our is debut tote. we and of the an new and Jet footwear, ruffles,
excited feminine options novelty party momentum opportunity our holiday significant holiday as the a customers the we embellishments our well build and to as in this flirty are celebrate about Finally, as focus shine We season. and on a category. in to mix our dress broadened assortments with ready-to-wear, of
Turning create engagement, at brand Fashion York consumers to positive excitement for continue connection to overwhelmingly Michael to brand New Collection deepen In and his our our XXXX with September, globally. we debuted Spring Week reviews.
Kidman, including well actress front Our global our as Yang array a Nicole high Zeta-Jones, Chinese row Watts Catherine featured and of brand wattage newly-appointed ambassador, as Mi. celebrities Naomi
first fit As Kors Michael epitomizes luxury great house. Mi a our is ever for our effortless She ambassador, brand Yang glamour.
most right than XX the on million China with now Additionally, she Weibo. is in trendsetters one more followers of influential
Social principal media deepening efforts our focus cornerstone connection and of is communications a consumers. our remains with a in
both channels. followers our channels. and pleased with engagements our We social have XX over all media are growth all the across We across in social million now total continued followers
we XXX-degree This planned the digital for run by smartwatches. a Google collaboration will be will marketing advertising campaign campaign that The ahead, an exciting in support holiday will with to Looking globally. channels marketing print, Access and season. amplified during have feature television outdoor
for exciting are heighten the this gifting and during the demand of ensure our top global smartwatches expect Access holiday marketing mind will period. they campaign further We
to continued elevate Moving experience, fleet. customer our we our flagships to store and digital
driving the our particularly that digital continued we favorable we momentum online strong sales results. Runway we add shop, In of stages our quarter, on digital are renovating locations ready-to-wear and of in to momentum, positive Earlier In in flagships. second part initial incremental with initiatives. this approximately XXXX our features our growth as XXX on the additional as stores, of dress capabilities. build flagships, our seeing we globally are launched We year,
retail and and enhancing refined accessories, to sales elevated menswear feature Our collections, while will concept engaging our consumers a This associates' take on new experience. womenswear, ability reflects salons glamour in new a styling a environment. provide with footwear, concept unique showcase our and that modern
that are with quarters. with coming While reflect number to the new I sharing plans initial about a renovation details this we limited in our concept, design have fleet forward you we pleased the stores look response. more of
billion, our In over share increase highlights comparable year. revenue second X.X% our Now an turning financial to $X.XX. X.X% exceeded of approximately to the sales results Total per last earnings adjusted the was XX% from expectations. sales and increased $X.XX increased quarter, X% increase comparable decreased the momentum with declining the a mid-single Americas, sales in digits. sales flagships the approximately comparable total double-digit Retail region in with quarter. The the flat, in were net quarter. in the continued, in revenue in our Retail digital
promotional reduce activity negatively in to strategy promotion, Our impacted on fewer comparable days our which resulted sales. XX%
consumer driven as driven as as and X.X%. our flagships response We strong ready-to-wear. increased digital footwear, Wholesale reduced higher in benefited lifestyle and stores, more to as newness promotional AUR mid-single-digit to accessories response innovation from net and in women's elevated as and our AURs our year. ready-to-wear, double-digit last well fewer growth we increases consumer sales Americas promotionally positive product accessories, offerings AUR fashion and to across the growth well the brand-wide We in compared activity. by to attribute elevated in saw days in the by XX increased However, layered
In in This as we than consumers in total Ready-to-wear foreign sales, net on rates. positioning single-digit by a comparable to reduction footwear channel, Including increased received sales sales also double-digit single in our XX.X%. sales retail in anticipated. elevated offset in digits with currency basis. high and wholesale to Europe and the basis was a our constant offerings Europe, among constant well on the essentially have on continued the net in flat comparable excitement and Moving X.X%. exceeded greater as expectations, digits even favorable exchange respectively. our shipments strategic mid-single revenue offerings fashion the low Comparable growing the related grew currency sales the were generated declined a increased e-commerce flat were elevating quarter, sales reported were approximately would basis. brand quarter, performance the ranges
sales, a in range in grew with XX.X% Asia, grew performed a quarter driven currency the comparable sales in net which openings reported positive Asia and on well sales store and to accessories basis XX%, by The mid-single-digit the high the Comparable during quarter. Turning China, include net category basis. up in growth. new on single-digit constant sales the now retail range
We and level including line. MICHAEL Michael Bancroft of Kors as our introduction as luxury the group Sadie deepen continued assortments, the Kors from our fashion Michael in the of the to layering well from collection accessories
continued among In Sloan collections styles. Sloan our millennial Selma, Mott collections among our the were particularly popular consumers. and most Editor China, including and be to structured Mercer, cross-bodies, Additionally, popular
Asia wholesale XX.X%. net increased sales
and to region. growing We China are strong while to Japan. retail to performance invest on with to quarter, began the impacted we by of show continue South Asia see and remain Chinese continued in positive pleased Hong improvements tourists. Mainland continue momentum in our Korea decline and in Macau this be Kong in the the but build Overall, signs in business as Mainland we our of performance network challenged, the
Finally, quarter. particularly business, in perform our licensing the the revenue Sofie. style, of Access smartwatches new approximately introduction well, in X% our to decreased continued
watch category However, sales pillar, successful our continues the fiscal the of declines Sexy business fragrance, In to and fragrance the launch be total fashion expanded continued we challenging, our watch with category. global new through year we in our Ruby. expect
Finally, in across metal continued top aviators. Sleek view. a fresh lenses developing including to collection of continued performers a our iconic shapes on eyewear, our with be focus shapes, mirrored optical generate to consumers. In modern of designs excitement we sunglasses, among and to variety point continued fashion
reflect conclusion, saw our shapes, including squares on are oversized to gaining traction our XXXX of array second also the plan. response a Runway In strategic results cat an and positive glamorous quarter expanded eyes. We we
to remains our XXXX executing call turn brand, in transition With fiscal with as Michael over initiatives. And the still you the that, for updates will Kors I coming of forward the on a Tom. providing are of we early our the in progress However, to look year stages we quarters.
