Company Earnings UpdateMichael Kors (KORS) Fiscal 1Q18 Results: Beats Expectations, Boosted by Better-than-Expected Comps Coresight Research August 9, 2017 Executive Summary Michael Kors reported fiscal 1Q18 revenues of $952.4 million, down 3.6% year over year and ahead of the $918.7 million consensus estimate. EPS was $0.80, beating the consensus estimate of $0.62. Reported comps were down 5.9% versus the consensus estimate of a 9.2% decline and prior guidance of a high-single-digit decline. The company provided 2Q18 EPS guidance of $0.80–$0.84, above the consensus estimate of $0.78. Revenues are expected to be $1.035–$1.055 billion for the second quarter, versus consensus of $1.01 billion. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week, Week 6: US Consumer and Retail FocusSentiment Declines After Weeks of Gains; Plus, Beauty Shopping in Focus: US Consumer Survey InsightsEnhance Shopping and Customize Care: Three Technologies Transforming the Drugstore and Pharmacy Retail LandscapeCanada Store Openings and Closures Tracker 2025: Best Buy, Dollarama and Loblaw Companies Lead Openings at the Start of the Year
