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Michael Kors (KORS) Tops Q1 EPS by 14c; Asia Revenue Rose ~68%; Guides Q3 Below Views

August 10, 2016 6:56 AM EDT

Michael Kors (NYSE: KORS) reported Q1 EPS of $0.88, $0.14 better than the analyst estimate of $0.74. Revenue for the quarter came in at $987.9 million versus the consensus estimate of $953.04 million.

Retail net sales increased 7.6% to $562.9 million driven primarily by 221 net new store... More