Company Earnings Update 2 minutesRegister for Free AccessMichael Kors (KORS) Fiscal 1Q19 Results: Company Beats Expectations and Raises Guidance Coresight Research August 9, 2018 Executive Summary Michael Kors reported fiscal 1Q19 revenues of $1.20 billion, up 26.3% year over year and above the consensus estimate of $1.14 billion. Diluted EPS was $1.22, up 52.5% from the year-ago quarter and above the consensus estimate of $0.94. Comparable sales increased 0.2%, with positive performance in the Americas and Asia, partially offset by declines in Europe. Michael Kors raised its full-year earnings guidance per share by $0.25 to $4.90–$5.00. For the full year, the company expects total revenues to be $5.125 billion. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Market Outlook: Department Stores in China—Consumer Shift Toward E-Commerce Squeezes SalesJanuary 2024 Leading Indicators of US Retail Sales: Higher Inflation Hints at Weakened Retail Sales To Start the YearWeekly US and UK Store Openings and Closures Tracker 2023, Week 42: US Store Openings Surpass 5,000Earnings Insights 2Q23, Week 1: Albertsons, Crocs, L’Oréal, Walgreens and More Post Positive Performance; Levi’s Sees Sales Decline
