Michael Kors dazzles with its FQ4 numbers


Michael Kors (KORS) blasts past analyst estimates with its FQ4 report as both sales and gross profit gained over 50% for the period from a year ago.

The retailer showed a sizzling 26.2% increase in comparable-store sales during the quarter vs. 20%-22% expected.

The company's gross profit rate improved 20 bps to 59.9%.

Licensing revenue +79% Y/Y to $35.4M.

KORS +0.8% premarket

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