Michael Kors: raises its FY targets.
(CercleFinance.com) - With a strong start to the financial year, Michael Kors has said it is raising its annual targets, now expecting adjusted EPS of between 3.
62 dollars and 3.72 dollars, with sales of around 4,275 million dollars.
The luxury goods group reported adjusted Q1 net income of 125.5 million dollars, i.e. 80 cents per share, a exceeding the consensus by about 20 cents.
At 952.4 million dollars, sales slipped 3.6% year-on-year (-2.6% excluding FX factors), although retail sales were up 10.1%, largely thanks to 67 new net stores in the past year.
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62 dollars and 3.72 dollars, with sales of around 4,275 million dollars.
The luxury goods group reported adjusted Q1 net income of 125.5 million dollars, i.e. 80 cents per share, a exceeding the consensus by about 20 cents.
At 952.4 million dollars, sales slipped 3.6% year-on-year (-2.6% excluding FX factors), although retail sales were up 10.1%, largely thanks to 67 new net stores in the past year.
Copyright (c) 2017 CercleFinance.com. All rights reserved.