Michael Kors’ new stores boots sales and exceed analysts’ estimates

Endaba Group

Michael Kors posted their second-quarter profit which topped analysts’ estimates as their new stores boosted sales. Their earnings in the quarter to September 26th were $1.01 a share, whilst the analysts estimated 89 cents on average. The luxury handbags and clothing seller has opened more new international location than it has in its core North American market, which has helped its revenue climb even as the strong US dollar weighs on sales. Sales in the quarter rose 6.9% to $1.13bn, exceeding analysts’ $1.09bn