$KORS (Michael Kors Holdings Limited)

$KORS {{ '2016-09-30T13:30:52+0000' | timeago}} • Announcement

$KORS promoted Krista McDonough to SVP, General Counsel, reporting to CEO John Idol. Krista McDonough joined $KORS in 2011, and has been Deputy General Counsel since June 2015.

$KORS {{ '2017-11-22T15:26:44+0000' | timeago}} • Announcement

$KORS named Francesca Leoni as the new Senior Vice President, Chief Brand Officer, effective February 5, 2018. In this new role, she will report to John D. Idol, Chairman and Chief Executive Officer.

$KORS {{ '2017-11-06T19:45:52+0000' | timeago}} • Infographic

$KORS Michael Kors Holdings Ltd Earnings AlphaGraphic: Q2 2018 Highlights

$KORS {{ '2017-11-06T19:27:09+0000' | timeago}} • Webcast

As the retailer posted 2Q18 results, $KORS said it expects an anticipated dilution from Jimmy Choo of approximately $0.08 per share to FY18 diluted EPS and about $0.04 per share to 3Q18 diluted EPS.

$KORS {{ '2017-11-06T19:24:36+0000' | timeago}} • Webcast

As $KORS plans to focus on its digital selling channel, the retailer expects 40-50 planned store closures for FY18 vs. a prior estimate of 20-40 closings.

$KORS {{ '2017-11-06T12:24:38+0000' | timeago}} • Announcement

For FY18, $KORS expects total revenue of about  $4.59Bil, including $215-225MM of incremental Jimmy Choo revenue. Diluted EPS is expected to be in the range of $3.85 to $3.95.

$KORS {{ '2017-11-06T12:23:00+0000' | timeago}} • Announcement

For 3Q18, $KORS expects total revenue to be between $1.355Bil and $1.385Bil, including $105-110MM of incremental Jimmy Choo revenue. Comparable sales for the Michael Kors brand are expected to decline in the high-single digits. Diluted EPS is expected to be $1.22-1.27.

$KORS {{ '2017-11-06T12:19:35+0000' | timeago}} • Announcement

Net income of $KORS jumped 26% to $202.9MM or $1.32 per diluted share in 2Q18 as the fashion giant posted an 8% surge in retail net sales of $645MM. Total revenue rose 5.4% to $1.15Bil in the quarter.

$KORS {{ '2017-10-05T16:52:43+0000' | timeago}} • Announcement

$KORS announced that Michael Kors (USA), Inc., its subsidiary, will commence an offering of senior notes. The notes will be issued to finance, in part, the company’s pending acquisition of Jimmy Choo PLC and its subsidiaries. The proceeds of the notes will be held in escrow until immediately prior to the consummation of the acquisition.

$KORS {{ '2017-08-08T19:38:27+0000' | timeago}} • Announcement

$KORS Michael Kors' acquisition of Jimmy Choo in a nutshell

$KORS {{ '2017-08-08T17:51:57+0000' | timeago}} • Announcement

$KORS lifted its outlook for FY18, the year which MKHL believes to be a transition year for the company. Revenue upped to approx $4.275Bil from the prior estimate of $4.25Bil and EPS also lifted to $3.62-3.72 from the previous expectation of $3.57-3.67. For 2Q18, the accessories maker expects revenue to be $1.035-1.055Bil and EPS to be $0.80-0.84.

$KORS {{ '2017-08-08T17:34:40+0000' | timeago}} • Announcement

Handbag maker $KORS said that its profit in 1Q18 was above the company's expectations. However, net income attributable to MKHL dropped 15% to $125.5MM, while on a per share basis, it decreased 4% to $0.80. Revenue fell 3.6% to $952.4MM due to lower sales in Americas and Europe regions. Comp store sales dropped 5.9% in the recently ended quarter.

$KORS {{ '2017-08-08T15:11:19+0000' | timeago}} • Infographic

$KORS Michael Kors Holdings Limited Earnings AlphaGraphic: Q1 2018 Highlights

$KORS {{ '2017-07-25T14:18:01+0000' | timeago}} • Announcement

$KORS agreed to buy Jimmy Choo Plc, a global luxury footwear and accessories brand. Jimmy Choo's shareholders will receive 230 pence per share, with an enterprise value of about $1.35Bil. The transaction is expected to close in calendar 4Q17. The acquisition is expected to be accretive on a GAAP basis in FY20.

$KORS {{ '2017-05-31T12:58:42+0000' | timeago}} • Webcast

$KORS expects annual savings of about $16MM as a result of store closures and the lower D&A associated with the impairment charge. In FY18, the company expects to close between 20 and 40 full-price stores.

$KORS {{ '2017-05-31T12:55:19+0000' | timeago}} • Infographic

$KORS Michael Kors Holdings Earnings AlphaGraphics: Q4 2017 Highlights

$KORS {{ '2017-05-31T12:53:18+0000' | timeago}} • Webcast

In the Wholesale segment, $KORS' net sales declined 22.8% in 4Q17, with Americas declining 22.1%, driven mainly by reduced selling into the department store channel and the decision to reduce the authorized promotional periods to four times per year. In the License segment, revenue declined 6.2%, while Eyewear saw strong results in the quarter.

$KORS {{ '2017-05-31T12:38:37+0000' | timeago}} • Webcast

$KORS said it is planning to close between 100-125 lifestyle stores globally over the next two years. The company added that it will continue to selectively open new stores in key cities, with a primary focus on expanding its presence in Asia.

$KORS {{ '2017-05-31T12:35:41+0000' | timeago}} • Webcast

$KORS' Asia retail net sales rose more than 200% in 4Q17, driven by the shift in China sales to the company owned retail segment. However, Asia comparable sales, including Japan and Korea, grew in the low single digits on a reported basis and were flat on a constant currency basis.

$KORS {{ '2017-05-31T12:25:36+0000' | timeago}} • Webcast

$KORS stated that it continues to believe that China, along with Japan, Korea and Southeast Asia will generate $1Bil in revenue for the company. On a segment basis, the company is seeing men's as an important category of growth going forward.

$KORS {{ '2017-05-31T11:28:13+0000' | timeago}} • Announcement

For FY18, $KORS expects total revenue to be approx. $4.25Bil and comparable sales to decrease in the high-single digit range. Operating margin for FY18 is expected to be about 16%. Diluted EPS for FY18 is now expected to be in the range of $3.57-3.67.

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