Michael Kors Q4 Results Beat Street - Quick Facts

(RTTNews) - Michael Kors Holdings Ltd. (KORS) posted higher fourth-quarter net income of $161.0 million, or $0.78 per share, compared with $101.1 million, or $0.50 per share, a year before. On average, 25 analysts polled by Thomson Reuters expected earnings per share of $0.68 for the quarter. Analysts' estimates typically exclude one-time items.

During the tri-monthly period, total revenue advanced by 53.6% to $917.45 million from $597.15 million in the fourth quarter of fiscal 2013, whereas 23 analysts estimated revenues of $816.15 million. Quarterly retail net sales went up 49.7% to $408.4 million, driven by a 26.2% growth in comparable-store sales and 101 net new store openings since the end of the fourth quarter of fiscal 2013. Wholesale net sales grew by 55.5% to $473.7 million and licensing revenue by 79.1% to $35.4 million.

Looking ahead to the first quarter of fiscal 2015, the firm sees total revenue in the range of $840 million - $850 million, assuming a comparable-store sales growth of around 20%. First-quarter earnings per share are likely to be in the range of $0.78 - $0.80. Analysts project earnings per share of $0.79 on $826.05 million revenue for the first quarter.

For fiscal 2015, the company expects total revenue to be in the range of $4.0 billion - $4.1 billion, which assumes a comparable-store sales increase in the high teens. Annual earnings per share are expected in the range of $3.85 - $3.91. Analysts anticipate earnings per share of $3.85 and revenue of $4.06 billion for the year.