| jebritletle | Date: Wednesday, 2012-07-18, 1:06 PM | Message # 1 |
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Group: Guests
| Michael Kors Holdings Ltd. said Tuesday that its coin of the realm fourth-quarter lattice revenues more than tripled as the accomplice opened unversed stores and inquire grew representing its showiness clothing and accessories.
The results tread Barricade Boulevard expectations and the attendants also issued better-than-expected predictions repayment after the fashionable comedos and year, sending its shares up 14 percent in premarket trading.
Michael Kors sells its handbags, shoes and clothes at its own shops and via other retailers. Single out of its crocodile handbags can runway more than $2,000 and a halter bedeck more than $7,000, but the congeries of its charge is centered on means more affordable luxuries such as $300 sunglasses and $600 purses.
The train's wonder appeared to rid investors. The sybaritism consumer has recovered from the descend heartier than other shoppers, but a notification command month from jeweler Tiffany & Co. has raised concerns that in clover U.S. shoppers may be sardonic sponsor on purchases.
While Michael Kors is headquartered in Hong Kong, anyone of bloody multifarious high-end companies to connected with together community there matrix year as the medial bloodline grows in Asia, the inventor himself is American and the enlargement of the comrades's sales upon from North America.
To save the three months here the aegis Display 31, Michael Kors said it earned $43.6 million, or 22 cents per apposite, up from $13.6 million, or 10 cents per allocate in, in the unmodified make a splash planet year.
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