Michael $KORS Posts A Nice Beat, Guides Lower

Michael Kors Holdings Ltd. (NYSE: KORS) reported second fiscal quarter 2013 adjusted diluted earnings per share (EPS) of $0.49 and $532.9 million in revenues before markets opened this morning. In the same period a year ago, the luxury apparel maker and retailer reported EPS of $0.25 on revenue of $287.9 million. Second-quarter results compare to the Thomson Reuters consensus estimates for EPS of $0.40 and $519.3 million in revenue.

Global same-store sales for the quarter rose 41.3% year-over-year, and the company says it has opened 66 new stores since the end of the second fiscal quarter of 2012.

Kors’s CEO said:”

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