Michael Kors (KORS): Don't Fall for the Seemingly Low Valuation - Cannacord Genuity
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Michael Kors Holdings Limited Announces Fourth Quarter and Annual Fiscal 2016 Results
June 1, 2016 6:55 AM EDT
Fourth Quarter Total Revenue Increased 10.9% (Increased 11.7%
on a Constant Currency Basis)
Fourth Quarter Reported
Diluted EPS was $0.98 ($1.00 on a Constant Currency Basis)
Completes the Acquisition of its Greater China Licensee
Announces New $1 Billion Stock Repurchase Program
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE: KORS) (the Company), a global luxury lifestyle brand, today announced its financial results for the fiscal 2016 fourth quarter and fiscal year ended April 2, 2016.
The Company noted that fiscal year 2016 had 53 weeks versus 52 weeks in fiscal... More
