Michael Kors dazzles with its FQ4 numbers

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

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