Insight Report 2 minutes PremiumMichael Kors (KORS) 4Q16 Results: Despite Positive Quarter, Flat 2017 Outlook Coresight Research June 1, 2016 Executive Summary Michael Kors reported fiscal 4Q16 revenues of $1.20 billion, beating the consensus estimate of $1.15 billion and representing a 10.9% increase year over year. EPS was $0.98, beating the consensus estimate by a penny and representing an increase of 8.8% from EPS of $0.90 in the year-ago quarter. Retail net sales increased by 22.0% in the quarter, driven primarily by e-commerce sales from the company’s digital flagships. Same-store sales grew by 0.3% in the quarter. The company guided for flat revenues for FY17 and for EPS of $4.56–$4.64 for the fiscal year. The company announced that it had completed the acquisition of its Greater China licensee for $500 million in cash. 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: Five Key Strategies for CPG Companies to Tackle Inflation and Changing Consumer Behavior in 2023Consumers’ Appetite For Luxury in a Post-Zero-Covid ChinaInsights Video: Market Navigator—US Apparel and Footwear RetailingWeekly US and UK Store Openings and Closures Tracker 2023, Week 17: Bed Bath & Beyond Drives US Closures
