BofA/Merrill Lynch Downgrades Michael Kors (KORS) to Neutral

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Go back to BofA/Merrill Lynch Downgrades Michael Kors (KORS) to Neutral

Michael Kors Holdings Limited Announces Fourth Quarter and Annual Fiscal 2015 Results

May 27, 2015 7:00 AM EDT

Fourth Quarter Total Revenue Increased 17.8% (Increased 23.3% on a Constant Currency Basis)

Fourth Quarter Diluted EPS increased 15.4% to $0.90 (Increased 23.1% on a Constant Currency Basis)

LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE: KORS) (the Company), a global luxury lifestyle brand, today announced its financial results for the fourth quarter and fiscal year ended March 28, 2015.

For the fourth quarter ended March 28, 2015:

Total revenue increased 17.8% to $1.1 billion from $917.5 million in the fourth quarter of fiscal 2014. On a constant currency basis, total revenue increased 23.3%.... More