Ads
By
Reuters
Published
Jun 12, 2012
Download
Download the article
Print
Text size

Michael Kors Q4 profit soars, sees higher full-year profit

By
Reuters
Published
Jun 12, 2012

Michael Kors autumn-winter 2012/2013Michael Kors Holdings Ltd reported on Tuesday that fourth-quarter profit more than doubled to $43.6 million and forecast higher sales and net income in the current fiscal year, citing growing demand of its luxury goods.

Michael Kors expects full-year sales of $1.7 billion to $1.8 billion, with a profit of $1.08 to $1.12 per share. For the first quarter, the company expects same-store sales to be up 35 percent and profits of 18 cents to 20 cents per share.

© Thomson Reuters 2024 All rights reserved.