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: Generative AI Latest: New Funding, Infrastructure and Applications, Plus Google’s Recent Product Launches and Tech PartnershipsProposed US Tariffs and Their Impacts—Price Hikes Likely, Making Diverse Supply Chains a MustInnovator Profile: Frate Reduces the Impacts of Retail Returns on Profitability and the EnvironmentInnovator Profile: Two Boxes Enables Efficient, Intelligent and Environmentally Friendly Returns Management