High-End Clothing Michael Kors: Net Profit Growth More Than Doubled In The Fourth Quarter

< p > recently, the high-end a target= "_blank" href= "//www.sjfzxm.com/" > clothing /a > and accessories manufacturer Michael Kors reported that the net profit in the fourth quarter has more than doubled, thanks to the strong growth of sales.

In the fiscal quarter ending March 30th, the company's net profit increased to $101 million, or 50 cents per share, from 43 million 600 thousand cents a share, or 22 cents a share.

Excluding the one-off, adjusted earnings per share were 21 cents, less than the average 39 cents for analysts surveyed by FactSet.

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< p > revenue grew by 57%, from $380 million in the same period last year to $597 million, higher than analysts' average forecast of $556 million.

Among them, retail sales grew by 59% to $273 million, wholesale sales increased 59% to $305 million, and authorized revenue grew by 16% to 19 million 800 thousand US dollars.

Global same store sales increased by 37%, of which Europe's same store sales increased 63%, and North American same store sales increased 35%.

Gross profit margin rose to 59.7% from 57.7% in the same period last year.

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< p > in the 2013 fiscal year ended March, the net profit of the company increased by nearly two times, from 147 million US dollars last year to 78 US dollars, to US $398 million, or US $1.97 per share.

Revenue increased by 67%, from $1 billion 300 million in the previous year to $2 billion 180 million.

In addition, Digital Luxury Group released a survey showing that Michael Kors won the most popular US brand in the Internet contest, beating the two or three ranked Marc Jacobs and Ralph Lauren.

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< p > the survey found that Michael Kors has a network search volume of 31 million times, occupying 19.6% of the total search rate, ranking among the top 35 Internet search countries in the UK, France, China, Brazil, Japan, Russia and the United States.

The following brands are Calvin Klein, Vera Wang, Tory Burch, Kate Spade, Diane von Furstenberg, von, and so on.

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< p > April 2013 fashion < a target= "_blank" href= "//www.sjfzxm.com/" > designer /a > Mike Cole Michael Kors is among the list of "the 100 most influential people in the times" (Times) magazine!

< p > more recently, more information has been pointed out that Michael Kors will start to increase sales of beauty products in August this year. Cosmetics, skin care products and perfume will be launched in full. Fans of Michael Kors will be excited. According to Estee Lauder's global senior vice president, Michael Kors's beauty products will be exclusively sold in the 660 stores of Macys department store in the United States for a year, while the global retail outlets are Michael Kors independent retail stores.

Market participants expect that the global retail sales of Michael Kors's beauty products will reach US $80 million or more in the first year.

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