Michael Kors Holdings (KORS) Tops Q4 EPS by 10c; Issues Confident Q1, FY15 Outlook

Michael Kors Holdings (NYSE: KORS) reported Q4 EPS of $0.78, $0.10 better than the analyst estimate of $0.68. Revenue for the quarter came in at $917.5 million versus the consensus estimate of $816.51 million.

Retail net sales increased 49.7% to $408.4 million driven by a 26.2% increase in comparable store sales and 101 net new store openings since the end of the fourth quarter of fiscal 2013. Wholesale net sales increased 55.5% to $473.7 million and licensing revenue increased 79.1% to $35.4 million.

Michael Kors Holdings sees Q1 2015 EPS of $0.78 - $0.80, versus the consensus of $0.79. Michael Kors Holdings sees Q1 2015 revenue of $840 - $850 million, versus the consensus of $826.05 million.

Michael Kors Holdings sees FY2015 EPS of $3.85 - $3.91, versus the consensus of $3.85. Michael Kors Holdings sees FY2015 revenue of $4.0 - $4.1 billion, versus the consensus of $4.06 billion.

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

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