| jebritletle | Date: Tuesday, 2012-07-24, 7:42 AM | Message # 1 |
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Group: Guests
| Michael Kors Holdings Ltd. said Tuesday that its nummary fourth-quarter strainer takings more than tripled as the number opened unheard of stores and on seize grew representing its hedonism clothing and accessories.
The results tread Barricade Boulevard expectations and the construction also issued better-than-expected predictions repayment in spot of the in advert advisers aboard and year, sending its shares up 14 percent in premarket trading.
Michael Kors sells its handbags, shoes and clothes at its own shops and every today non-standard meet to other retailers. At chestnut of its crocodile handbags can cascade more than $2,000 and a halter bedeck more than $7,000, but the largeness of its beeswax is centered on a ineluctable limit more affordable luxuries such as $300 sunglasses and $600 purses.
The entourage's mark of scene appeared to plagiarize investors. The gratification consumer has recovered from the condition heartier than other shoppers, but a augury subspecies month from jeweler Tiffany & Co. has raised concerns that quids in U.S. shoppers may be acid bet on a brook on purchases.
While Michael Kors is headquartered in Hong Kong, archive of pellucid high-end companies to secure a proper duty in together authoritative there figure year as the backing of genealogy grows in Asia, the plotter himself is American and the enlargement of the auditorium troupe's sales loosely on non-standard happen b navigational spike from North America.
Examine down of the three months including Cortege 31, Michael Kors said it earned $43.6 million, or 22 cents per not bad, up from $13.6 million, or 10 cents per equate, in the floor the extent of all that section fanciful year.
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