Company Earnings UpdateMichael Kors (KORS) Fiscal 4Q17 Results: Beats Expectations, but Guides Down for FY18 and Plans to Close Stores Coresight Research June 1, 2017 Executive Summary Michael Kors reported fiscal 4Q17 adjusted EPS of $0.73, down28.8% from $1.02 in the year-ago quarter, but ahead of the $0.70 consensus estimate. Revenues were $1.06 billion, down 11.2% year over year, but slightly ahead of the $1.05 billion consensus estimate. Comps declined by 14.1%, and were down 13.6% on a constant currency basis. As part of a retail fleet optimization, the company plans to close 100–125 full-price retail stores over the next two years. For FY18, the company guided for EPS of $3.57–$3.67 versus consensus of $3.94 and for revenues of $4.25 billion versus consensus of $4.37 billion. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Analyst Corner: US Grocery Real Estate—The Great Divide in 2025, with Sujeet NaikHigher- and Lower-Income Consumers Drive Financial Optimism to Four-Month High: US Consumer Survey InsightsCES 2025 Wrap-Up: Top 10 Takeaways—AI, Retail Tech, Sustainability, and Health and Wellness Come into FocusWeekly UK Store Openings and Closures Tracker 2025, Week 24: Matalan To Open Stores; Poundland Continues To Shutter Stores
