Company Earnings UpdateMichael Kors (KORS) 4Q18 and FY18 Results: Double-Digit Growth in Revenues and Expense Cuts Yield Recovery in Profits Coresight Research May 31, 2018 Executive Summary In 4Q18, Michael Kors reported a 10.8% jump in revenues, a 14.5% uplift in gross profit and a 6.0% decline in operating expenses. The company beat expectations on both the top and bottom lines, with adjusted diluted EPS of $0.63 versus the consensus estimate of $0.60. However, revenues declined in its core Americas region, due in part to a planned reduction in inventory in the wholesale channel. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Deeper on DeepSeek and Its Potential to Radically Level the AI Playing FieldConsumer Sentiment Flatlines Ahead of Big Tariff Reveal; Plus, Mass Merchandisers and Wholesale Clubs in Focus: US Consumer Survey InsightsFinancial Sentiment Falls to 14-Month Low Ahead of Reciprocal Tariffs, But Policy Measures Aim to Stabilize Economy: China Consumer Survey InsightsFinancial Confidence Falls to New Low Following US Tariff Imposition: China Consumer Survey Insights
