Michael Kors continues to report stellar financial results
Michael Kors announces results for the third fiscal quarter : revenues were up 29.9 % to $ 1.3 billion . The brand The US , however, remain the most important market with 1.1 billion in revenue ( + 22.6 % ) , compared with 241.4 million Europeans . In strong acceleration even a smaller market like Japan : + 72 % to $ 16 million . In the period examined , the retail channel registered a + 37 % , while the wholesale a + 24.4 % . The e-commerce has marked a positive performance of 73 % .
Benefit from gross profits , which amounted to $ 800 million ( + 29 % ) and net , passing 229.6 to 303. ( + 32 % ) . In the budget in nine months, the total turnover rose by 37.5 % to $ 2.4 billion . The gross profits totaled 2 billion ( + 37.5 % ) while net profits totaled 698.4 million ( + 39 % ) . For the fourth quarter of the Michael Kors estimate a turnover less than the previous quarter , between 1.05 and 1.08 billion . All the fiscal year should end with a turnover of 4.4 billion dollars .
Even in Japan, where in the fall is expected to open a new store in Tokyo , shopping in the Ginza area of over 700 square meters . It will be the first area to accommodate the men’s collections .