Company Earnings Update 3 minutesRegister for Free AccessMichael 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? Register for a free user account. This document was generated for Other research you may be interested in: Using the Coresight Research 3x3x3 Framework To Navigate a “Chutes and Ladders” Economy: Insights Presented at Golden Seeds 2023 Annual SummitUS Mass Merchandisers, Warehouse Clubs and Discount Stores—Retail 2024 Sector Outlook: Slower Growth; Stronger Focus on EssentialsMay 2023 Monthly Consumer Update: US, UK and ChinaRetail-Tech Landscape: Retail Media