Michael Kors blows past estimates

|About: Michael Kors Holdings (KORS)|By:, SA News Editor

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