Stunning quarter for Michael Kors, shares +21% early

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

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