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Michael Kors Holdings Limited Message Board

  • jaquecroissant jaquecroissant Jan 14, 2014 1:34 PM Flag

    Retail Sales Shine, Even If Winter Weather Does Not

    Michael Kors Holdings Ltd. (NYSE: KORS) has been a hot retail name in clothing and clothing accessories, and it looks poised to remain one in 2014. The company’s performance has been led by the double-digit growth of its operating results. In the second quarter of fiscal 2014, Michael Kors delivered 39% revenue growth as revenue rose to $740 million, while operating income increased by 40% to $221 million. Robert Baird has placed a $97 target on the stock. The consensus figure is lower at $89.53. Michael Kors was trading in the $77.39 range, and shares are up more than 40% in the past 12 months. The NRF’s broader apparel statement said, “Clothing and clothing accessories stores’ sales increased 1.8 percent seasonally-adjusted month-to-month and 4.7 percent unadjusted year-over-year.”

    Read more: Retail Sales Shine, Even If Winter Weather Does Not - Home Depot (NYSE:HD) - 24/7 Wall St.

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