Company Earnings Update 3 minutesRegister for Free AccessMichael Kors (KORS) 4Q18 and FY18 Results: Double-Digit Growth in Revenues and Expense Cuts Yield Recovery in Profits Coresight Research May 31, 2018 Executive Summary In 4Q18, Michael Kors reported a 10.8% jump in revenues, a 14.5% uplift in gross profit and a 6.0% decline in operating expenses. The company beat expectations on both the top and bottom lines, with adjusted diluted EPS of $0.63 versus the consensus estimate of $0.60. However, revenues declined in its core Americas region, due in part to a planned reduction in inventory in the wholesale channel. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Generative AI Latest: Nvidia at SIGGRAPH, the Rise of Google Cloud, US Consumer Concern on the Future Impacts of AIJune 2024 US Retail Sales: Growth Slumps as Only Department Stores See ImprovementConsumers’ Appetite for In-Store Shopping Remains Resilient: China Consumer Survey InsightsWeekly US and UK Store Openings and Closures Tracker 2024, Week 25: Casey’s To Open 100 Stores