Non c'è niente da fare, KORS è davvero una delle mie preferite!
Avrà pure un multiplo alto, ma che crescita ragazzi!
Michael Kors Rises as Profit Tops Estimates on Sales
Michael Kors Holdings Ltd. (KORS), the luxury-goods company founded by the designer of the same name, rose the most in three months after first-quarter profit topped analysts’ estimates amid surging North American sales.
The shares climbed 3.7 percent to $70.39 at the close in New York, the biggest gain since April 25. The Hong Kong-based company’s shares have risen 38 percent this year, compared with a 19 percent gain in the Standard & Poor’s 500 Index. Profit in the quarter ended June 29 was 61 cents a share, and revenue increased 54 percent to $640.9 million, the company said in a statement today. Analysts estimated profit of 49 cents and sales of $571.6 million, according to data compiled by Bloomberg. Revenue in North America, Kors’s largest region, rose 46 percent.
“Our exceptional first quarter financial results demonstrate the sustained strong demand for the Michael Kors luxury brand,” Chief Executive Officer John Idol said in the statement.
Michael Kors profit jumps 82% as sales climb
Michael Kors Holdings Ltd.'s fiscal first-quarter profit jumped 82%, as the retailer again reported broad sales growth across segments and continents, continuing a wave of momentum it has been riding for the past several quarters. The company also raised its view for the year, now expecting per-share earnings of $2.67 to $2.69 on revenue of $2.8 billion to $2.9 billion. Its prior view was for per-share earnings of $2.43 to $2.47 on revenue of $2.65 billion to $2.75 billion.
Michael Kors, a 30-year-old brand that went public in December 2011, sells clothing, footwear and other apparel and accessories through luxury department stores and its own company-operated shops. The company has enjoyed a recent boom in retail and wholesale demand, in part from its expansion of shop-in-shop branded areas in department stores.
For the quarter ended June 29, Michael Kors reported a profit of $125 million, or 61 cents a share, compared with $68.6 million, or 34 cents a share, a year earlier. Revenue jumped 55% to $640.9 million. The company had predicted earnings of 46 cents to 48 cents a share on revenue of $555 million to $565 million.
Retail net sales increased 52% to $325.7 million, driven by a 27% increase in same-store sales and 75 net new store openings since the year-ago quarter.
Wholesale net sales increased 59% to $290.6 million. North America logged wholesale sales growth of 50%, which the company said was driven by a rise in same-store sales as well as shop-in-shops in department stores.
Licensing revenue increased 41% to $24.6 million, driven by strength in watches and eyewear.
North American same-store sales increased 25%, while in Europe same-store sales jumped 56%.
Gross margin widened to 62% from 60.5%.
For the current quarter, the handbag maker is targeting per-share earnings of 62 cents to 64 cents on revenue of $695 million to $705 million. Analysts polled by Thomson Reuters currently expect 64 cents and $697 million, respectively. Michael Kors is assuming a same-store sales increase of 15% to 20%. Michael Kors competitors include handbag and accessories maker Coach Inc. (COH), which last month agreed to sell its Reed Krakoff business to a group led by Reed Krakoff and reported its fiscal fourth-quarter earnings fell 12% amid weaker North American same-store sales.