Michael Kors (KORS) Tops Q1 EPS by 18c; Raises Outlook

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Go back to Michael Kors (KORS) Tops Q1 EPS by 18c; Raises Outlook

Michael Kors Holdings Limited Announces First Quarter Fiscal 2018 Results

August 8, 2017 7:06 AM EDT

Exceeds First Quarter Guidance; Raises Full Year Outlook

LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE: KORS) (the Company), a global fashion luxury brand, today announced its financial results for the fiscal 2018 first quarter ended July 1, 2017.

For the three months ended July 1, 2017:

Total revenue decreased 3.6% to $952.4 million from $987.9 million in the first quarter of fiscal 2017. On a constant currency basis, total revenue decreased 2.6%. Retail net sales increased 10.1% to $619.9 million driven in large part by 67 net new store openings... More