Michael Kors Holdings Limited (KORS) reported that its fourth-quarter net income increased to $101.1 million or $0.50 per share, from $43.6 million or $0.22 per share, last year.
On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.39 for the quarter. Analysts' estimates typically exclude special items.
Total revenue increased 57.1% to $597.2 million from $380.0 million in the fourth quarter of fiscal 2012. Analysts expected revenue of $546.07 million for the quarter.
Retail net sales increased 58.8% to $272.7 million driven by a 36.7% increase in comparable store sales and 67 net new store openings since the end of the fourth quarter of fiscal 2012. Wholesale net sales increased 59.4% to $304.7 million.
For the first quarter of fiscal 2014, the company expects total revenue to be in the range of $555 million to $565 million. Profit per share is expected to be in the range of $0.46 to $0.48. Analysts expect the company to report first-quarter profit per share of $0.47 on revenue of $570.31 million.
For fiscal 2014, the company expects total revenue to be in the range of $2.65 billion to $2.75 billion. Profit per share is expected to be in the range of $2.43 to $2.47. Analysts expect the company to report fiscal 2014 profit per share of $2.44 on revenue of $2.83 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.