Michael Kors (KORS) Tops Q3 EPS by 1c, Guidance Comes in Light

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Go back to Michael Kors (KORS) Tops Q3 EPS by 1c, Guidance Comes in Light

Michael Kors Holdings Limited Announces Third Quarter Fiscal 2017 Results

February 7, 2017 6:55 AM EST

Third Quarter Total Revenue Decreased 3.2%

Third Quarter Diluted EPS was $1.64

LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE: KORS) (the Company), a global luxury lifestyle brand, today announced its financial results for the fiscal 2017 third quarter ended December 31, 2016.

For the third quarter ended December 31, 2016:

Total revenue decreased 3.2% to $1.35 billion from $1.40 billion in the third quarter of fiscal 2016. On a constant currency basis, total revenue decreased 2.6%. Retail net sales increased 9.2% to $836.7 million driven primarily by 193 net new store... More