Michael Kors (KORS) dominates up as a luxury
Michael Kors Holdings (KORS) delighted guests with chic luxury goods quality products at affordable prices, with buyers hit home runs in each quarter since its December 2011 IPO.As a group, luxury brands have surpassed all other retail segments since the first quarter of 2010.
In the last quarter, reported on 29 May rose Michael Kors' Result 138% as buyers in Europe and North America, spending on luxury goods entered its chic. It was his second quarter in a row in front of the three-digit profit growth and acceleration of three months.
The total revenue, license revenue by 57%. Net sales increased by 59%. The global same-store sales rose 36.7% vs. a year ago. Comps in North America by 35%. Analysts see first quarter earnings by 44%.