For fiscal 2013, the Michael Kors company expects earnings between $1.32 and $1.34 per share, on net sales of about $1.8 million to $1.9 million. The company’s guidance is based on comparable store sales increasing in the mid- to high- 20% range here https://www.vivervidaplena.com.br/loja/
Buoyed by the solid fiscal first quarter results, Michael Kors projects earnings for the second quarter of fiscal 2013 between 33 cents and 35 cents per share. Sales for the upcoming quarter are expected to be $490 million to $500 million, on the back of a 30% rise in comparable store sales. Earnings Estimates on the Upside The Zacks Consensus Estimate for fiscal 2013 has grown nearly 20.5% to $1.35 per share in the last 7 days, as six of seven estimates were revised upward. The Zacks Consensus Estimate for fiscal 2014 advanced 17.3% to $1.63 per share on four upward revisions out of six. The raised estimates for fiscal 2013 and 2014 reflect year-over-year growth of nearly 68.2% and 21.3%, respectively.
Shares of Michael Kors Holdings Ltd. ( KORS ) are hovering close to their 52-week high of $50.69 after strong fiscal 2013 first quarter results, which included a whopping 70.0% earnings surprise. Furthermore, Zacks Consensus Estimates for this fiscal year and next have moved sharply higher in the past 7 days, underscoring its Zacks #1 Rank (Strong Buy). With a year-to-date growth of 82.4%, this well-known global luxury brand is riding on the success of its multi-channel strategy, unique design and strong infrastructure.
On August 14, Michael Kors announced fiscal 2013 first-quarter earnings per share of 34 cents, beating the Zacks Consensus Estimate by 14 cents and growing 161.5% year over year.
Total revenue jumped 71% year over year to $414.9 million and surpassed the Zacks Consensus Estimate of $368 million as Libid Gel. Solid sales growth in each of the company’s business segments and across all geographies drove the upside. Sales at the retail segment grew 76% on the back of a 37.3% rise in comparable store sales and the opening of 76 new stores during the quarter. Net sales at the wholesale and licensing segments advanced 66% and 61%, respectively. Gross profit was up 83% to $251.0 million, while gross margin expanded 420 basis points to 60.5%. Operating income in the quarter totaled $111.9 million, up 149% year over year, with operating margin growing 850 basis points to 27.0%.
With her bright orange pedicure, Michael Kors handbag and skinny jeans, Maysoon Jayyusi hardly looks like a Palestinian speed racer — until she gets behind the wheel. The minute she starts up her SUV, she’s off — coursing ahead of the rest of the traffic, weaving among bewildered locals in the crowded streets of the West Bank city of Ramallah. It’s easy to see why the team she heads — the Middle East’s first female speed racing team — has been dubbed the “Speed Sisters”.The race team is made up of six Palestinian women, who have become local celebrities and have even been featured in a documentary. ‘Speed Sister’ Betty Saadeh says that racing provides an outlet to be free of social demands. She pins her racing ambitions on a family history of racing, as well as the stress of Israeli occupation.
Michael Kors opens first Alabama lifestyle store today at The Summit The new Michael Kors store opened today at The Summit shopping center. The 2,200-square-foot store, located between bebe and Flip Burger, sells clothes and accessories including handbags, shoes, watches and perfume. It features zebra benches, polished metal finishes, mirrored surfaces, clear acrylic nesting tables and large-scale vintage artwork, like the company’s other stores around the world. This is the first Michael Kors Lifestyle store in Alabama for the company, which also has an outlet in Foley. Plans for the store were announced earlier this summer. At this hot summer, with your hot bag, it can bring you the incredible hot news, maybe the lover, yeah, i say, so if you have got this chance, do dot miss it, just own it and show your acctractive and your beauty.
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