Michael Kors Holdings (KORS) Tops Q4 EPS by 5c; Guides Q1, FY13 EPS Above Views

Michael Kors Holdings (NYSE: KORS) reported Q4 EPS of $0.21, $0.05 better than the analyst estimate of $0.16. Revenue for the quarter came in at $380 million versus the consensus estimate of $360.62 million.

Retail net sales increased 80.3% to $172.2 million driven by 71 new store openings since the end of last year and a 36.1% increase in comparable store sales.

Michael Kors Holdings sees Q1 2013 EPS of $0.18-$0.20, versus the consensus of $0.17. Michael Kors Holdings sees Q1 2013 revenue of $360-$370 million, versus the consensus of $323.98 million.

Michael Kors Holdings sees FY2013 EPS of $1.08-$1.12, versus the consensus of $0.98. Michael Kors Holdings sees FY2013 revenue of $1.7-$1.8 billion, versus the consensus of $1.69 billion.

For earnings history and earnings-related data on Michael Kors Holdings (KORS) click here.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Jefferies sees a buying opportunity in this S&P 500 sector
• Boxlight Corporation (BOXL) Tops Q2 EPS by 2050c
• Range Impact, Inc. (RNGE) Reports Q2 Loss of $0.02