BofA/Merrill Lynch Downgrades Michael Kors (KORS) to Neutral
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Michael Kors Holdings Limited Announces Fourth Quarter and Annual Fiscal 2015 Results
May 27, 2015 7:00 AM EDTFourth 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