Michael Kors is the new coach?
Shares of Michael Kors (NYSE: KORS) rose by more than 6% in early trading on Tuesday as the fashion house announced better than for the first quarter fiscal 2014 earnings expected. However, strong quarterly results are not the only reason this stock is almost 250% since the IPO in 2011.
Miu Miu bag
Poach the capacity of the same name brand customers rival coach (NYSE: COH) is also responsible for the stock dynamics. Take a closer look at why Kors dominate, while the coaches continue to disappoint.
On course for growth
Kors proved that its shares still worth expensive evaluation yesterday, with earnings nearly doubled during the quarter. The luxury retailer a profit of $ 0.61 per unit. Turnover by 55% to $ 640.9 million for the period, against Wall Street estimates of $ 0.49 per share on revenue of $ 571.6 million dollars, according to Bloomberg. The good news continues with comparable sales increasing 25% in the U.S. and 56% available in Europe.
Miu Miu outlet
These results are even mo ...