Michael Kors 2013

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. 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.