Michael Kors Q4 profit soars, sees higher full-year profit
June 12 (Reuters) - Michael 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.
- Housing, jobs data weaken, but overall economic picture still upbeat
- Putin critic Khodorkovsky free after pardon, heads for Germany |
- Target cyber breach hits 40 million payment cards at holiday peak |
- Pizza outlet attacked as India, U.S. fail to cool diplomat row |
- New York Mayor-elect's reputation for lateness parodied on Twitter