Michael Kors Earnings Call Summary

Executives at Michael Kors Holdings Limited KORS spoke positively and optimistically on Wednesday during a call to investors to report Q4 FY2014 earnings. They highlighted expansion and also gave encouraging guidance.

Expansion

• Focusing on expansion of watch and jewlery business.

• Planning on opening 45 new stores in North America and 55 new stores in Europe.

Outlook

• The company estimates a Q1 FY2015 revenue of $840-850 million and earnings per diluted share of $0.78-0.80.

• The company estimates a  full year FY2015 revenue of $4.1 billion and earnings per diluted share of $3.81-3.85.

• The company does however expect Q1 FY2015 gross margin to be slightly lower.