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. 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: Three Data Points We’re Watching This WeekInnovator Profile: The Metav.rs Web3 Platform Helps Brands To Better Create and Manage Metaverse ExperiencesUS CPG Sales Tracker: CPG Growth Disappoints as In-Store Sales SlowWeekly US and UK Store Openings and Closures Tracker 2023, Week 46: Avon Calling!
