Last €61.65 EUR
Change Today +1.40 / 2.33%
Volume 478.0
As of 9:57 AM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).

michael kors holdings ltd (MKO) Snapshot

Open
€60.72
Previous Close
€60.25
Day High
€61.83
Day Low
€60.50
52 Week High
02/26/14 - €73.05
52 Week Low
10/15/14 - €53.72
Market Cap
12.7B
Average Volume 10 Days
773.3
EPS TTM
--
Shares Outstanding
205.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MICHAEL KORS HOLDINGS LTD (MKO)

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michael kors holdings ltd (MKO) Details

Michael Kors Holdings Limited is engaged 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. This segment operates 176 company-owned retail stores and 176 locations operated through its licensing partners. 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, men’s suits, swimwear, furs, and ties, as well as licenses rights to third parties to sell the company’s products in geographical regions, such as 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, and various other related trademarks and logos. Michael Kors Holdings Limited was founded in 1981 and is based in Tsim Sha Tsui, Hong Kong.

9,184 Employees
Last Reported Date: 05/28/14
Founded in 1981

michael kors holdings ltd (MKO) 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: $583.3K
Senior Vice President of Business Affairs, Ge...
Total Annual Compensation: $483.3K
Compensation as of Fiscal Year 2014.

michael kors holdings ltd (MKO) Key Developments

Michael Kors and Fossil Group Renew Global Licensing Agreement for Watches and Jewelry

Michael Kors Holdings Limited and Fossil Group, Inc. announced that they have renewed their global licensing agreement through 2024. Michael Kors first partnered with Fossil Group in 2004 to design, develop and distribute watches under the Michael Kors label. The relationship expanded to encompass jewelry in 2010 and the two companies are currently collaborating to grow the men's watch business.

Michael Kors Holdings Limited Announces Expansion Plans

Michael Kors Holdings Limited announced that it will open approximately 50 stores in the North American in 2014. The company to open approximately 50 stores across Europe during fiscal 2015 and continue to believe that the region can support 200 Michael Kors retail locations. The company will be opening its second store in Kobe in Japan in the first half of calendar 2015. The company is on track to open 110 retail locations, including approximately 50 in North America, 50 in Europe and 10 in Japan, expand and/or relocate approximately 40 retail stores globally in select locations in key cities and convert approximately 750 shop-in-shops.

Michael Kors Holdings Ltd. Report Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 27, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2015

Michael Kors Holdings Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended September 27, 2014. For the quarter, the company reported net sales of $1,009,669,000 against $707,444,000 a year ago. Income from operations was $305,558,000 against $221,460,000 a year ago. Income before provision for income taxes was $304,097,000 against $221,312,000 a year ago. Net income was $206,990,000 or $1.00 per diluted share against $145,808,000 or $0.71 per diluted share a year ago. For the six months, the company reported net sales of $1,896,706,000 against $1,323,692,000 a year ago. Income from operations was $582,329,000 against $419,022,000 a year ago. Income before provision for income taxes was $580,099,000 against $418,446,000 a year ago. Net income was $394,706,000 or $1.90 per diluted share against $270,804,000 or $1.32 per diluted share a year ago. For the third quarter of fiscal 2015, the company expects total revenue to be in the range of $1.27 billion to $1.30 billion. This assumes a low double digit comparable store sales increase. Diluted earnings per share are expected to be in the range of $1.31 to $1.34 for the third quarter of fiscal 2015. This assumes 208.3 million weighted average diluted shares outstanding and a tax rate of approximately 32.5%. The company expects gross profit margin of approximately 60.5% and operating margin of approximately 31.5%. For fiscal 2015, the company now expects total revenue to be in the range of $4.3 billion to $4.4 billion. This assumes a comparable store sales increase in the mid teens. Diluted earnings per share are now expected to be in the range of $4.13 to $4.18 for fiscal 2015. This assumes 208.0 million weighted average diluted shares outstanding and a tax rate of approximately 32.2%. For the full year, the company expects gross margin of approximately 61% and operating margin of approximately 29%. For fiscal year 2015, gross margins for the retail segment are expected to decline approximately 50 basis points, and now the company expects operating margins to be approximately 27.5% due to the continued investments. Capital expenditures are expected to total approximately $400 million for fiscal year 2015. The majority of these expected expenditures are related to new retail store openings prior to the year, with the remainder being used for investments in connection with developing the company’s new shop-in-shops, build out of the company’s corporate offices and distribution centers and enhancing the company’s information system infrastructure.

 

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Industry Analysis

MKO

Industry Average

Valuation MKO Industry Range
Price/Earnings 19.5x
Price/Sales 3.9x
Price/Book 6.7x
Price/Cash Flow 17.0x
TEV/Sales 3.6x
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