Boston, MA 10\/30\/2013 (wallstreetpr) –\u00a0Michael Kors Holdings Ltd (NYSE:KORS) since the start of the year has outperformed analysts expectation with its stock price headed for the $90 mark. Kors steady growth has enabled it acquire a sizeable market share across handbags, watches and jewelry brands that it majorly focuses on. A recently released survey indicate that KORS handbags are the number two preferred among both upper and average income consumers.<\/p>\n
\u00a0Revenue growth margins have massively increased in the past three years in the range of between 58% and 67% . KORS’ has enjoyed earnings growth in the ranges 82 and 152%. KORS success in the market can be attributed to it trading at steep premiums as compared to its main rival Coach COH. Coach is currently losing its market share to KORS . Stores expansion throughout Europe Japan and Far East has enabled KORS bolster its revenue collection with the sales in this stores averaging 37% over the past fiscal year. The company has opted to engage in massive brand awareness across its stronghold markets in a view of trying to outdo its competitors and gain the much needed market share.<\/p>\n
\u00a0Europe markets have been a revelation to the growth of KORS with the company recording revenue growth of 144% and same store sales of 56%. To keep up with the growing trend margins, the company has opened new stores in emerging markets of India and Brazil. Trading at a steep premium compared to COH , KORS trailing P\/E is currently at 34 while its forward P\/E is at 22. Early in August KORS bested analyst\u2019s projection in terms of profits by growing by a whopping 24.5%. Michael Kors Holdings in other news intends to announce its second quarter fiscal 2014 financial results in the coming days.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 10\/30\/2013 (wallstreetpr) –\u00a0Michael Kors Holdings Ltd (NYSE:KORS) since the start of the year has outperformed analysts expectation with its stock price headed for […]<\/p>\n","protected":false},"author":12,"featured_media":11933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[666,3677,3676,656],"stock_ticker":[],"class_list":["post-11930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-kors","tag-michael-kors-holdings-ltd","tag-michael-kors-holdings-ltd-nysekors","tag-nysekors","entry"],"acf":[],"yoast_head":"\n