Michael Kors: raises annual targets
(CercleFinance.com) - Alongside the publication of solid Q1 results, Michael Kors has said that it is raising his annual adjusted EPS target range to be between 4.
90 dollars and 5 dollars, vs. 4.65 dollars and 4.75 dollars previously.
Over the first three months of its fiscal year, the luxury group's net income, group share rose by almost 50% to 186.4 million dollars, or 1.22 dollar per share. Adjusted EPS rose by 65% to 1.32 dollar.
Michael Kors improved its adjusted gross margin by 2.3 points to 62.6% for revenue that rose by 26.3% to 1.2 billion dollars, boosted by a stronger-than-expected contribution from Jimmy Choo, which has been consolidated since 1 November 2017.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
90 dollars and 5 dollars, vs. 4.65 dollars and 4.75 dollars previously.
Over the first three months of its fiscal year, the luxury group's net income, group share rose by almost 50% to 186.4 million dollars, or 1.22 dollar per share. Adjusted EPS rose by 65% to 1.32 dollar.
Michael Kors improved its adjusted gross margin by 2.3 points to 62.6% for revenue that rose by 26.3% to 1.2 billion dollars, boosted by a stronger-than-expected contribution from Jimmy Choo, which has been consolidated since 1 November 2017.
Copyright (c) 2018 CercleFinance.com. All rights reserved.