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: Analyst Corner: US Mass Merchandisers, Warehouse Clubs and Discount Stores—Target in Transition as Dollar Stores and Clubs Surge Ahead, With Sujeet NaikEconomic Sentiment Turns Positive Ahead of Tariff Deadline; Plus, Department Store Shopping in Focus: US Consumer Survey InsightsAnalyst Corner: The Brave New World of Agentic Shopping, with John HarmonUS Store Tracker Extra, January 2025: 50+ Million Square Feet of Retail Space Slated To Close This Year
