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Michael Kors Holdings Ltd (KORS.N)

KORS.N on New York Stock Exchange

43.23USD
18 Jan 2017
Change (% chg)

$-0.33 (-0.76%)
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$43.56
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Volume
515,872
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Mon, Nov 14 2016

BRIEF-Greenlight Capital cuts share stake in Apple, Michael Kors

* Greenlight Capital Inc cuts share stake in Apple Inc by 24.2 percent to 5.2 million shares - SEC Filing

BRIEF-Michael Kors sees continuation of soft traffic trends in U.S. market

* Michael Kors executive - softness in Europe due to consumer uncertainty related to Brexit, lingering concern after attacks in Belgium, France, Germany - conf call

BRIEF-Michael Kors Holdings Ltd reports Q2 earnings per share $0.95

* Q3 earnings per share view $1.79, revenue view $1.39 billion -- Thomson Reuters I/B/E/S

BRIEF-Michael Kors appoints Robin Freestone to board of directors

* Michael Kors appoints Robin Freestone to board of directors

Michael Kors comparable sales drop more than expected

Michael Kors Holdings Ltd reported a bigger-than-expected drop in quarterly comparable sales as fewer shoppers visited malls and a strong dollar discouraged tourists from spending on its handbags and accessories. | Video

UPDATE 4-Michael Kors comparable sales drop more than expected

* To further reduce promotions next year - CEO (Adds details, CEO comments; updates shares)

BRIEF-Michael Kors to further reduce promotional activity, starting Q1 next year - executive

* Michael Kors Executive - Capital expenditures expected to total about $250 million for fiscal 2017 - conf call

BRIEF-Michael Kors Q1 EPS $0.88 excluding items

* Sees FY 2017 non-GAAP earnings per share $4.56 to $4.64 excluding items

Michael Kors comparable store sales drop more than expected

Aug 10 Michael Kors Holdings Ltd reported a bigger-than-expected drop in quarterly comparable store sales, hurt by lower mall traffic and reduced tourist spending.

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