Company Earnings UpdateMichael Kors (KORS) 3Q17 Results: Company Misses Expectations; Weak Guidance Points to Challenges Coresight Research February 8, 2017 Executive Summary Michael Kors reported 3Q17 total revenue of $1.35 billion, down 3.2% from $1.40 billion in the year-ago quarter. EPS was $1.64, beating the consensus estimate of $1.63. The weak results were due to the underperformance of the North America and Europe businesses; the Asia region outperformed. The company expects weak traffic and sales trends to continue throughout the spring season in North America and Europe. The company now expects total revenue to be about $4.48 billion for the fiscal year, down from previous expectations of $4.55 billion. Total comp sales are expected to decrease in the high-single-digit range. EPS is expected to be $4.15–$4.19, versus consensus of $4.37. 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: US Back to School 2025, Part 3: Essential Categories and Apparel for the BTS Season—Athleisure and Basics Set to LeadFive Ways AI Is Being Used in Luxury Retailing—and What’s NextAnalyst Corner: US Consumer Sentiment Varies by Age and Income—Uncovering Demographic Trends, with Aditya KaushikWeekly US and UK Store Openings and Closures Tracker 2025, Week 4: Store Closures Near 2,100 in the US
