* Sees Q4 EPS $0.14-$0.16 vs prior view $0.10-$0.12
* Sees '12 EPS $0.79-$0.81 vs prior view $0.74-$0.76
* Shares up 3 pct in after-hours trading
By Martinne Geller
March 19 Michael Kors Holdings Ltd
reported strong retail sales and raised its earnings outlook on
Monday, sending the fashion company's shares up 3 percent in
The company, which went public in December after more than
three decades as a private firm, said it expects earnings of 14
cents to 16 cents per share in the fourth quarter of fiscal
2012, up from a prior forecast of 10 cents to 12 cents per
share. It now expects revenue of $350 million to $360 million,
versus a prior forecast of $350 million to $355 million.
Analysts on average were expecting earnings of 13 cents per
share on revenue of $358.4 million, according to Thomson Reuters
For fiscal 2012, the company now expects earnings of 79
cents to 81 cents per share, compared to a prior forecast of 74
cents to 76 cents per share. It now expects full-year revenue of
$1.27 billion to $1.28 billion.
Analysts were expecting 67 cents per share on revenue of
The forecasts exclude one-time items.
Still, the company, known for its clothing and accessories,
also said the transition to a new distribution facility is
resulting in shipping delays that could prevent the fashion
company from meeting its revenue forecast.
The company plans to report results for its fourth quarter,
which will end on March 31, on June 12.
But through March 17, quarterly comparable sales in its
retail segment rose 35.8 percent.
Michael Kors shares were up 3 percent at $46.66 in
after-hours trading. They closed on the New York Stock Exchange