Seeking Alpha

Stunning quarter for Michael Kors, shares +21% early

  • Michael Kors (KORS) soars in early trading after a smashing FQ3 earnings report.
  • Comparable-store sales rose 28% during a period in which most retail peers were struggling to stay in positive territory.
  • Wholesale sales rose 68.2% Y/Y to $461M and licensing revenue was up 59% to $47.4M.
  • KORS +21.1% premarket
Comments (5)
  • Philip Saglimbeni
    , contributor
    Comments (483) | Send Message
     
    Wow, I've been saying this for a while now, $KORS and $UA, the only two names you need to own in retail! Both popped over 20% in pre-market after ER. Congrats to all longs,

     

    Phil
    4 Feb, 08:08 AM Reply Like
  • chopchop0
    , contributor
    Comments (3109) | Send Message
     
    NKE isn't too shabby. Just more nails in the coffin that COH is a buy here the last few quarters. It's cheap for a reason.
    4 Feb, 08:26 AM Reply Like
  • Philip Saglimbeni
    , contributor
    Comments (483) | Send Message
     
    Yea chop, $NKE is great, I like $VFC too. $KORS and $UA for super-growth is what I should have said ; ) $FLT coming up soon . . .
    4 Feb, 08:29 AM Reply Like
  • Quoth the Raven
    , contributor
    Comments (2067) | Send Message
     
    $KORS has a long way to go, too. You heard it here: http://seekingalpha.co...

     

    Staying long and strong, MK.
    4 Feb, 08:14 AM Reply Like
  • rickraff
    , contributor
    Comments (312) | Send Message
     
    Holding KORS long. They are just getting started....
    4 Feb, 09:43 AM Reply Like
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