Last $90.11 USD
Change Today +0.74 / 0.83%
Volume 1.9M
KORS On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

michael kors holdings ltd (KORS) Snapshot

Open
$90.08
Previous Close
$89.37
Day High
$90.35
Day Low
$88.61
52 Week High
02/25/14 - $101.04
52 Week Low
04/22/13 - $51.63
Market Cap
18.4B
Average Volume 10 Days
3.3M
EPS TTM
$2.93
Shares Outstanding
203.9M
EX-Date
--
P/E TM
30.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for MICHAEL KORS HOLDINGS LTD (KORS)

michael kors holdings ltd (KORS) Details

Michael Kors Holdings Limited engages in the design, marketing, distribution, and retailing of branded women’s apparel and accessories, and men’s apparel. The company operates in three segments: Retail, Wholesale, and Licensing. The Retail segment is involved in the sale of women’s apparel; accessories, which include handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, fragrances, and eyewear. As of March 30, 2013, it had 231 retail stores, including concessions in North America; and 73 international retail stores, including concessions in Europe and Japan. The Wholesale segment sells accessories, which include handbags and small leather goods, footwear, and women’s and men’s apparel to department stores and specialty shops in North America and Europe. The Licensing segment licenses its trademarks on products, such as fragrances, cosmetics, eyewear, leather goods, jewelry, watches, coats, footwear, men’s suits, swimwear, furs, and ties, as well as licenses rights to third parties to sell the company’s products in geographical regions, including Korea, the Philippines, Singapore, Malaysia, Indonesia, Australia, the Middle East, Russia, Turkey, China, Hong Kong, Macau Taiwan, Latin America and the Caribbean, and India. The company sells its products under the names of MICHAEL KORS, MICHAEL MICHAEL KORS, KORS MICHAEL KORS, and various other related trademarks and logos. The company was founded in 1981 and is based in Tsim Sha Tsui, Hong Kong.

6,379 Employees
Last Reported Date: 05/29/13
Founded in 1981

michael kors holdings ltd (KORS) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $2.5M
Honorary Chairman and Chief Creative Officer
Total Annual Compensation: $2.5M
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $750.0K
Senior Vice President of Business Affairs, Ge...
Total Annual Compensation: $525.0K
Senior Vice President of Global Operations
Total Annual Compensation: $284.4K
Compensation as of Fiscal Year 2013.

michael kors holdings ltd (KORS) Key Developments

Michael Kors Holdings Limited and Luxottica Group Sign Eyewear License Agreement for Michael Kors Collection and MICHAEL Michael Kors eyewear

Michael Kors Holdings Limited and Luxottica Group announced that they have signed a new and exclusive eyewear license agreement for the Michael Kors Collection and MICHAEL Michael Kors eyewear. The first collection produced with Luxottica will launch in January 2015. The partnership with Luxottica will last 10 years. It will allow Michael Kors, celebrated for its luxury accessories and ready-to-wear, as well as its iconic jet set lifestyle, to continue the global expansion of the brand's eyewear business. Luxottica will produce eyewear for both the Michael Kors Collection and MICHAEL Michael Kors lines, beginning with Spring 2015. The brand's two luxury eyewear collections will be carried around the world in Michael Kors stores, department stores, select travel retail locations, independent optical locations and Luxottica's retail stores.

Michael Kors Holdings Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months December 28, 2013; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2014 and Revises Earnings Guidance for the Full Fiscal Year 2014

Michael Kors Holdings Limited reported unaudited consolidated earnings results for the third quarter and nine months December 28, 2013. For the quarter, the company's net income surged 77% as brand awareness drove strong demand worldwide for its goods during the critical holiday selling period. The company earned $229.6 million, or $1.11 per share. That's up from $130 million, or 64 cents per share, a year earlier. Revenue jumped to $1.01 billion from $636.8 million as European revenue more than doubled and North American revenue increased 51%. Income from operations was $343.2 million, or 33.9% as a percentage of total revenue, as compared to $204.8 million, or 32.2% as a percentage of total revenue, for the third quarter of fiscal 2013. Income before provision for income taxes was $343,128,000 compared to $203,041,000 a year ago. For the nine months, the company’s total revenue increased 51.0% to $2.4 billion from $1.6 billion in the same period of fiscal 2013. Income from operations was $762.3 million and as a percentage of total revenue was 31.8%. For the same period of fiscal 2013, income from operations was $474.7 million, or 30.0% as a percentage of total revenue. Income before provision for income taxes was $761,574,000 compared to $472,572,000 a year ago. Net income was $500.4 million, or $2.44 per diluted share compared to net income for the same period of fiscal 2013 of $296.5 million, or $1.48 per diluted share. The company provided earnings guidance for the fourth quarter of fiscal 2014 and revised earnings guidance for the full fiscal year 2014. In the fourth quarter, the company anticipates earnings between 63 cents and 65 cents per share. This assumes 206.8 million weighted average diluted shares outstanding and a tax rate of approximately 33.5%. Revenue is expected in a range of $790 million to $800 million. This assumes a comparable store sales increase in the range of 15% to 20%. For fiscal 2014, the company now expects total revenue to be in the range of $3.18 billion to $3.19 billion. This assumes a comparable store sales increase of approximately 25%. Diluted earnings per share are now expected to be in the range of $3.07 to $3.09 for fiscal 2014. This assumes 205.6 million weighted average diluted shares outstanding and a tax rate of approximately 34.0%. Its prior guidance was for earnings between $2.77 and $2.81 per share on revenue in a range of $2.9 billion to $3 billion, which had been raised in October from a range of $2.67 to $2.69 per share on revenue of $2.8 billion to $2.9 billion.

Michael Kors Holdings Limited, Q3 2014 Earnings Call, Feb 04, 2014

Michael Kors Holdings Limited, Q3 2014 Earnings Call, Feb 04, 2014

 

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Industry Analysis

KORS

Industry Average

Valuation KORS Industry Range
Price/Earnings 30.4x
Price/Sales 6.1x
Price/Book 11.2x
Price/Cash Flow 27.1x
TEV/Sales 5.8x
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