Michael Kors Holdings Limited Announces First Quarter Fiscal 2018 Results
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Michael Kors (KORS) PT Raised to $45 at Cowen Following 1Q
August 8, 2017 5:28 PM EDTCowen raised its price target on Michael Kors (NYSE: KORS) to $45.00 (from $35.00) while maintaining a Market Perform rating following the company's 1Q earnings report. KORS reported an EPS beat along side comps of -5.9% that are well above -9.2% expectations.
On the call,... More
Coach (COH) Set to Open Higher in Sympathy with Michael Kors (KORS)
August 8, 2017 9:24 AM EDTCoach (NYSE: COH) was set to open higher Tuesday morning following strong results from peer Michael Kors (NYSE: KORS).
... MoreMichael Kors (KORS) Tops Q1 EPS by 18c; Raises Outlook
August 8, 2017 7:08 AM EDTMichael Kors (NYSE: KORS) reported Q1 EPS of $0.80, $0.18 better than the analyst estimate of $0.62. Revenue for the quarter came in at $952.4 million versus the consensus estimate of $918.57 million.
GUIDANCE:
Michael Kors sees Q2 2018 EPS of $0.80-$0.84, versus the consensus of $0.78.
Michael Kors sees FY2018 EPS of $3.62-$3.72, versus the consensus of $3.54.
For the second quarter of fiscal 2018, the Company expects total revenue to be between $1.035 billion and $1.055 billion, which includes a comparable sales decrease in the mid-single digits range. The Company expects operating margin to be... More
