Michael Kors Holdings Ltd (NYSE:KORS) declared on Tuesday that that fiscal Q2 net income over tripled. The retailer reported that it generated $97.8M, or 49 cents a share, increased from $31.6M, or 22
cents a share, in the similar quarter previous year. Revenue surged by 74% to $532.9M
from $305.5M. Analysts had anticipated earnings of 40 cents a share on $519.9M in
Shares are advanced by about nine tenths of a percent.
Last month, luxury goods competitor Coach (COH) declared sales of $1.16B for its first fiscal quarter against $1.05B reported in the similar quarter previous year.
Michael Kors Holdings Ltd (NYSE:KORS) stock hit highest price at $51.42, beginning with a price of $51.42 and reported decreased -5.69% to the closed at $48.11 with day range of $47.72-$51.42. The total market capitalization remained $9.61 billion, total volume held in the session was 6.33 million shares surprisingly higher than its average volume of 3.42 million shares.
To check the Stocks ups and downs, KORS last week stock price volatility remained 5.60% and month was at 3.81%. KORS generated revenue of 1.47 billion in the following twelve months income of $175.87 billion. The Company showed a positive 13.02% in the net profit margin and in addition to in its operating margin which remained 21.35%. Company’s annual sales growth for the past five year was 43.94%.
The KORS past twelve months price to sales ratio was 6.29 and price to cash ratio remained 57.21. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained The Gap Inc. (NYSE:GPS)’s P/S 1.08% P/C 7.65%, American Eagle Outfitters (NYSE:AEO)’s P/S 1.14% P/C 5.42%, Abercrombie & Fitch Co. (NYSE:ANF)’s P/S 0.81% P/C 10.42%, Limited Brands, Inc. (NYSE:LTD)’s P/S 1.31% P/C11.23%.