No storm clouds for Michael Kors


Michael Kors (KORS) blew past revenue estimates without sacrificing margins in FQ3. Gross profit as a percentage of total revenue was up 100 bps to 61.2% during the period.

Weather and macroeconomic factors took a backseat to a brand that is on fire with consumers during the period.

Expenses and inventory rose slower than sales in FQ3 for the retailer.

Guidance for FQ4 is for revenue of $790M-$800M on the company's view that comparable store sales will increase by 15%-20%.

SA contributor Stock Gamer had a well-reasoned buy recommendation on KORS into the earnings release and beyond.

KORS +19.8% premarket to $91.75.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs