Michael Kors (KORS) Surges on Q4 'Beat and Raise'
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Shares of Michael Kors Holdings (NYSE: KORS) are trading up 14 percent following strong Q4 results and raised guidance.
Michael 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
Michael 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
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