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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Shoptalk 2024 Day Four: Innovation for Innovation’s Sake?The 50+ Woman: What Does She Want from the Beauty Industry?Retail Shrink and ORC: US Small Business Owners’ Perspectives on Retail Theft, Plus New Measures To Combat Theft in New York, the UK and AustraliaRealty Income Begins 2023 with Portfolio Expansion
