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Michael Kors Holdings Ltd Issues Q2 2014 Guidance In Line With Estimates; Comments On Q2 2014 Comparable Store Sales Guidance; Raises FY 2014 Guidance; Raises FY 2014 Comparable Store Sales Guidance


Tuesday, 6 Aug 2013 07:00am EDT 

Michael Kors Holdings Ltd announced that for second quarter of 2014, it expects total revenue to be in the range of $695 million to $705 million. This assumes a comparable store sales increase in the range of 15% to 20%. Diluted earnings per share are expected to be in the range of $0.62 to $0.64 for the second quarter of fiscal 2014. For fiscal 2014, it expects total revenue to be in the range of $2.8 billion to $2.9 billion. This assumes a comparable store sales increase of approximately 20%. Diluted earnings per share are now expected to be in the range of $2.67 to $2.69 for fiscal 2014. This assumes 204.8 million weighted average diluted shares outstanding and a 36% tax rate. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $697 million and EPS of $0.64 for second quarter of 2014; revenue of $2.8 billion and EPS of $2.57 for fiscal 2014. 

Company Quote

88.8
-0.37 -0.41%
11 Jul 2014