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Last €44.01 EUR
Change Today +0.309 / 0.71%
Volume 205.0
As of 4:17 AM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

michael kors holdings ltd (MKO) Snapshot

Open
€43.81
Previous Close
€43.70
Day High
€44.22
Day Low
€43.62
52 Week High
06/2/14 - €70.34
52 Week Low
05/29/15 - €41.39
Market Cap
8.8B
Average Volume 10 Days
2.4K
EPS TTM
--
Shares Outstanding
200.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MICHAEL KORS HOLDINGS LTD (MKO)

michael kors holdings ltd (MKO) Details

Michael Kors Holdings Limited engages in the design, marketing, distribution, and retailing of branded women’s apparel and accessories, and men’s apparel. The company operates in three segments: Retail, Wholesale, and Licensing. The Retail segment is involved in the sale of women’s apparel; accessories, which include handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, jewelry, fragrances and beauty, and eyewear. As of March 28, 2015, this segment operated 343 North American retail stores, including concessions and its U.S. e-commerce site; and 183 international retail stores, including concessions in Europe and Japan. The Wholesale segment sells accessories, such as handbags and small leather goods, footwear, and women’s and men’s apparel to department stores and specialty shops in North America, Europe, and Asia. The Licensing segment licenses its trademarks on products, such as fragrances, beauty, eyewear, leather goods, jewelry, watches, coats, men’s suits, swimwear, furs, and ties, as well as licenses rights to third parties to sell the company’s products in geographical regions, such as the Middle East, Eastern Europe, Latin America, the Caribbean, Asia (excluding Japan), and Australia. The company sells its products under the names of MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos. Michael Kors Holdings Limited was founded in 1981 and is based in London, the United Kingdom.

5,378 Employees
Last Reported Date: 05/27/15
Founded in 1981

michael kors holdings ltd (MKO) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $2.5M
Honorary Chairman and Chief Creative Officer
Total Annual Compensation: $2.5M
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $583.3K
Senior Vice President of Business Affairs, Ge...
Total Annual Compensation: $483.3K
Compensation as of Fiscal Year 2014.

michael kors holdings ltd (MKO) Key Developments

Michael Kors Holdings Limited Plans to Open New Stores

Michael Kors Holdings Limited plans to open a total of 10 stores in Japan in fiscal 2016. It also plans to open new stores and shop-in-shops that will provide incremental sales during the year.

Michael Kors Holdings Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended March 28, 2015; Provides Earnings Guidance for the First Quarter and Full Fiscal Year 2016

Michael Kors Holdings Limited announced unaudited consolidated earnings results for the fourth quarter and year ended March 28, 2015. For the quarter, net sales were $1,039,734,000 against $882,043,000 a year ago. Total revenue was $1,080,984,000 against $917,452,000 a year ago. Income from operations was $256,167,000 against $245,909,000 a year ago. Income before provision for income taxes was $258,714,000 against $246,073,000 a year ago. Net income was $182,642,000 against $161,038,000 a year ago. Diluted Net income per ordinary share was $0.90 against $0.78 a year ago. For the year, net sales were $4,199,666,000 against $3,170,522,000 a year ago. Total revenue was $4,371,469,000 against $3,310,843,000 a year ago. Income from operations was $1,256,973,000 against $1,008,171,000 a year ago. Income before provision for income taxes was $1,255,823,000 against $1,007,647,000 a year ago. Net income was $881,023,000 against $661,485,000 a year ago. Diluted Net income per ordinary share was $4.28 against $3.22 a year ago. For the first quarter of fiscal 2016, the company expects total revenue to be in the range of $930 million to $950 million. On a constant currency basis, total revenue is expected to increase in the high single digit range assuming a $60 million impact from the change in foreign currency rates. The company expects a low double digit comparable store sales decrease on a reported basis and a mid-single digit decrease on a constant currency basis. Diluted earnings per share are expected to be in the range of $0.74 to $0.78 for the first quarter of fiscal 2016. This assumes 202.5 million weighted average diluted shares outstanding and a tax rate of approximately 29%. The company expects foreign currency to impact net income by approximately $14.0 million and EPS by approximately $0.07. For fiscal 2016, the company expects total revenue of approximately $4.7 billion to $4.8 billion. On a constant currency basis total revenue is expected to increase in the low to mid-teens range assuming a $200 million impact from the change in foreign currency rates. The company expects flat comparable store sales on a reported basis, and a low single digit comparable store sales increase on a constant currency basis. Diluted earnings per share are expected to be in the range of $4.40 to $4.50 for fiscal 2016. This assumes 200.0 million weighted average diluted shares outstanding and a tax rate of approximately 29%. The company expects foreign currency to impact net income by approximately $39.0 million and EPS by approximately $0.20.

Michael Kors Holdings Limited Names Marcel Ostwald as Senior Vice President, Men’s Design

Michael Kors Holdings Limited announced that Marcel Ostwald has been named to the newly created role of Senior Vice President, Menswear. Ostwald’s appointment, effective August 1, 2015, fills a key role in the global brand’s growing menswear business. Mr. Ostwald will work closely with Michael Kors and Mark Brashear, President of Menswear, in developing the creative brand strategy and product vision for the men’s division. Ostwald spent the last 11 years at Hugo Boss, where his most recent title was Senior Head of Creative Management and Concept Design for BOSS Sportswear. His time at Hugo Boss included a wide range of roles in creative management, including for tailored clothing, shoes, leather and accessories, as well as sportswear.

 

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MKO:GR €44.01 EUR +0.309

MKO Competitors

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Company Last Change
Burberry Group PLC 1,686 GBp -7.00
Coach Inc $35.81 USD +0.44
Hanesbrands Inc $32.02 USD +0.16
HUGO BOSS AG €103.80 EUR -0.458
Tiffany & Co $93.78 USD +0.05
View Industry Companies
 

Industry Analysis

MKO

Industry Average

Valuation MKO Industry Range
Price/Earnings 10.9x
Price/Sales 2.1x
Price/Book 4.1x
Price/Cash Flow 9.1x
TEV/Sales 1.9x
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