After the market's close on 02/11/2013 Micheal Kors reported Fiscal 3rd Quarter earnings.
Michael Kors Holdings Ltd.'s KORS +10.33% fiscal third-quarter earnings surged as the high-end specialty retailer posted sharply higher same-store sales and added new stores.
Michael Kors Holdings Ltd.'s KORS +10.33% fiscal third-quarter earnings surged as the high-end specialty retailer posted sharply higher same-store sales and added new stores.
Shares were up 11% at $63.45 in premarket trading as earnings and revenue beat expectations and Michael Kors raised its fiscal year guidance.
Fundamental Analysis
Micheal Kors (KORS)
Description:
Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women’s apparel and accessories and men’s apparel bearing the Michael Kors name and MICHAEL KORS, MICHAEL MICHAEL KORS, KORS MICHAEL KORS and various other related logos. The Company operates its business in three segments: retail, wholesale and licensing. Retail operations consist of collection stores, lifestyle stores, including concessions and outlet stores located primarily in the United States, Canada, Europe and Japan. Wholesale revenues are principally derived from department and specialty stores located throughout the United States, Canada and Europe. The Company licenses its trademarks on products, such as fragrances, cosmetics, eyewear, leather goods, jewelry, watches, coats, footwear, men’s suits, swimwear, furs and ties.
This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.
No comments:
Post a Comment