Michael Kors Two Quarter Net Profit Increased 49%

MichaelKorsHoldingsLtd. (NYSE:KORS) once again proved its success in the S&P500Index Standard & Poor's 500 index with excellent quarterly results.

In the two quarter of 2014 fiscal year ending September 28, 2013, MichaelKorsHoldingsLtd. (NYSE:KORS) net profit surged 49% to 145 million 800 thousand euros compared with 97 million 800 thousand US dollars in the same period last year. Diluted earnings per share rose 44.9% to 0.71 dollars from 0.49 US dollars, higher than the $0.68 predicted by Reuters analysts.

　　 MichaelKors store

The total revenue in the two quarter was US $740 million 300 thousand, an increase of 38.9% over the same period last year of 533 million US dollars, and analysts expect us $626 million. Same store sales growth of 22.9% prompted Retail business Net sales rose 46.8% to 355 million 600 thousand US dollars compared to the same period last year, but compared to the same quarter sales growth rate of 27.3% in the first quarter, the two quarter slowed down significantly. Wholesale business net sales amounted to 351 million 900 thousand US dollars, an increase of 29.9% over the same period last year, and the net sales of franchise business increased 65.4% to 32 million 900 thousand US dollars. Gross margin increased by 150 basis points to 60.8%.

The largest market in North America, driven by accessories and watches category, sales increased by 31% to $618 million compared with the same period last year, while the same store sales increased by 21%. Europe doubled to 114 million dollars, and the increase in brand awareness helped sales in the same store surged by 45%.

As of September 28, 2013, there were 352 independent retail outlets and 125 franchised retail outlets. Retail channel The total number of stores is 477.

MichaelKorsHoldingsLtd. (NYSE:KORS) board chairman and CEO JohnD.Idol said in the earnings report that the group's continued global demand for the luxury lifestyle brand is still very strong.

The group forecasts that the total revenue in the three quarter will be between 8.45-8.55 billion, and the same store sales growth rate is expected to reach 15-20%, with earnings per share of 0.83-0.85 dollars. As for the 2014 fiscal year, the group is expected to achieve a total revenue of 29-30 billion US dollars, and the same store sales are expected to achieve 20% growth, and earnings per share will be between 2.77-2.81 dollars.

MichaelKorsHoldingsLtd. (NYSE:KORS) on November 5, U.S. stocks surged 4.6% to 78.23 dollars after opening, to 78.16 dollars, up 4.52%. The stock has risen by 52.77% this year.