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Stock Market & Financial Investment News

News Breaks
February 4, 2014
07:03 EDTKORSMichael Kors reports Q3 EPS $1.11, consensus 86c
Reports Q3 revenue $1.0B, consensus $859.94M. The company said, "Our results reflect broad-based strength with significant revenue growth across our retail, wholesale and licensing segments as well as in our North American and international markets. Revenue in North America grew 51% and comparable store sales increased 24%, with performance driven primarily by accessories and watch offerings. In addition, our North America wholesale segment generated another quarter of strong sales growth, particularly in our accessories and footwear categories, and we continued to benefit from shop-in-shop conversions in department stores. In Europe, revenue grew 144% in the third quarter, with exceptional comparable store sales growth of 73%, which we believe was driven by growing brand awareness and demand across regions. Lastly, in our licensing segment, revenue increased 59%, with continued demand in watches and eyewear."
News For KORS From The Last 14 Days
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March 22, 2015
17:16 EDTKORSMichael Kors looks inexpensive, Barron's says
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March 18, 2015
10:06 EDTKORSMichael Kors recent headwinds provide a buying opportunity, says BofA/Merrill
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