$KORS (Michael Kors Holdings Limited)

$KORS {{ '2015-08-06T12:10:18+0000' | timeago}} • Webcast

$KORS 1Q16 Call: 1Q16 financial results exceeded expectations, driven by better-than-anticipated performance in both Retail and Wholesale segments. Increase in Retail net sales was attributable to new stores and accelerated growth in North American digital flagships, which experienced 102% YoverY increase.

$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.

$KORS {{ '2017-05-31T11:24:20+0000' | timeago}} • Announcement

For 1Q18, $KORS expects total revenue to be between $910-930MM, and a comparable sales decline in the high-single digit range. The company expects operating margin to be approx. 13%, while diluted EPS is expected to be in the range of $0.60-0.64 for 1Q18.

$KORS {{ '2017-05-31T11:20:07+0000' | timeago}} • Announcement

Luxury fashion company $KORS reported a 4Q17 loss, hurt by impairment charges, foreign currency translation impact and lower margins. Net loss was $26.8MM or $0.17 loss per share compared to net income of $177MM or $0.98 per share a year ago. Revenue declined 11.17% to $1.06Bil, while on a constant currency basis, revenue declined 10.6%.

$KORS {{ '2017-04-17T20:42:54+0000' | timeago}} • Announcement

Luxury fashion brand $KORS named Thomas Edwards, Jr. as EVP, CFO, COO and Treasurer effective immediately. Edwards is succeeding Joseph Parsons, who is retiring from the company. Parsons will remain with the company through Aug. 1, 2017 in his current role.

$KORS {{ '2017-02-07T14:12:08+0000' | timeago}} • Webcast

$KORS stated that in terms of acquisitions, the company's first capital allocation priority is to repurchase shares. If the right acquisition comes up, the company will consider it and if not then it will stay focused on what it is doing.

$KORS {{ '2017-02-07T13:48:06+0000' | timeago}} • Webcast

For FY17, $KORS' CapEx is now expected to be approx. $200MM and will focus on ongoing investments in global digital strategies and omni-channel capabilities. Looking into FY18, the company expects modest topline growth, driven by higher retail net sales. Additionally, $KORS expects the declines in the wholesale business to moderate.

$KORS {{ '2017-02-07T13:42:09+0000' | timeago}} • Webcast

During 3Q17, $KORS repurchased about 2.1MM shares totaling $100MM under the company's share repurchase program. Additionally, the company has another $250MM of availability remaining in its most recent $1Bil authorization.

$KORS {{ '2017-02-07T13:33:55+0000' | timeago}} • Webcast

In the wholesale business, $KORS' net sales declined 18% during 3Q17, while in the Americas sales declined 15%. Additionally, the company is reducing promotional activity across the retail and wholesale channels from Feb., which is expected to result in higher avg. unit retails.

$KORS {{ '2017-02-07T13:30:18+0000' | timeago}} • Webcast

$KORS said that in its stores, comparable sales decreased in the mid teens range as the company saw steeper than expected declines in store traffic, hurt by weak tourism trends and reduced consumer confidence related to Brexit and terrorist attacks in certain markets. In Asia, total retail net sales rose 300%.

$KORS {{ '2017-02-07T13:17:51+0000' | timeago}} • Webcast

$KORS saw strong results in the new fall and holiday handbag introductions in 3Q17, led by the Mercer, Brooklyn and Sloan Editor collections. The company added that these new fashion luxury handbag groups were supported by enhanced marketing in both traditional and social media channels, creating strong sell-throughs across these launches.

$KORS {{ '2017-02-07T12:33:33+0000' | timeago}} • Infographic

$KORS Michael Kors Holdings Earnings AlphaGraphics: Q3 2017 Highlights

$KORS {{ '2017-02-07T12:21:12+0000' | timeago}} • Announcement

For 4Q17, $KORS expects revenue to be between $1.035-1.055Bil, which includes a planned reduction in wholesale shipments and a comparable sales decrease in the low-teens range. The company expects operating margin to be approx. 14%, while diluted EPS is expected to be in the range of $0.68-0.72 for 4Q17.

$KORS {{ '2017-02-07T12:18:31+0000' | timeago}} • Announcement

For FY17, $KORS expects revenue to be approx. $4.48Bil and comparable sales to decrease in the high-single digit range. Operating margin for FY17 is expected to be about 19.9% on a non-GAAP basis and about 19.7% on a GAAP basis. Diluted EPS for FY17 is now expected to be in the range of $4.09-4.13 on a GAAP basis.

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