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Michael Kors (KORS) +1.5% AH after raising its guidance. The apparel chain now expects FQ2 (ends...

Michael Kors (KORS) +1.5% AH after raising its guidance. The apparel chain now expects FQ2 (ends this month) revenue of $510M-$520M and EPS of $0.38-$0.40, above a consensus of $493M and $0.36. It also expects FY13 revenue of $1.85B-$1.95B and EPS of $1.39-$1.41 vs. a consensus of $1.94B and $1.37. Same-store sales for the 11 weeks ending Sep. 15 rose 45.1% Y/Y. Shares have been on a tear and sport a forward P/E of 37, that's probably limiting the gains.
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