real-time news and commentary for investors
Tuesday, Aug 6
Michael Kors blows past estimates
- Michael Kors (KORS) sees sales in North America and Europe soar as its retail, wholesale, and licensing segments all rev up together.
- Comparable store sales for the retailer rose 27.3% Y/Y.
- Gross profit as a percentage of sales was up 150 bps to 62%.
- The company sees FQ2 EPS of $0.62-$0.64 vs. $0.64 consensus. (PR)
- KORS +3.3% premarket