Seeking Alpha

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
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Comments (1)
  • Philip Saglimbeni
    , contributor
    Comments (485) | Send Message
     
    possibly the best growth story in retail right now, hurting $COH big time, long some calls only, wish I had some stock ; )
    6 Aug 2013, 08:43 AM Reply Like
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