{"id":29937,"date":"2012-08-16T17:57:47","date_gmt":"2012-08-16T21:57:47","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29937"},"modified":"2012-08-16T17:57:48","modified_gmt":"2012-08-16T21:57:48","slug":"video-michael-kors-making-it-work-with-profits-almost-tripling-in-the-first-quarter","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/08\/16\/video-michael-kors-making-it-work-with-profits-almost-tripling-in-the-first-quarter\/","title":{"rendered":"VIDEO: Michael Kors Making It Work With Profits Almost Tripling in the First Quarter"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v71c8b04e5bdc8190e7832587ea955116ea30acff&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v71c8b04e5bdc8190e7832587ea955116ea30acff&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Michael Kors (NYSE:KORS) is making it work, especially for his company&#8217;s first quarter. The Project Runway judge&#8217;s company announced a profit of $68.6 million or 34 cents, almost three times as much from last year. Revenue also jumped 71% to $414.9 million. Both earnings and revenue comfortably beating expectations. The retailer also raised its full-year profit estimate, predicting EPS between $1.32 to $1.34 on revenue of $1.8 billion to $1.9 billion. The company expects same-store sales to increase in the mid- to high-20% range.Since the company went public this past December, its stock has gained 55%.<\/p>\n<p><img src='http:\/\/images.grab-media.com\/financial_news_network\/2012\/08\/16\/1_kl3oi1r4_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/images.grab-media.com\/financial_news_network\/2012\/08\/16\/1_kl3oi1r4_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Kors (NYSE:KORS) is making it work, especially for his company&#8217;s first quarter. The Project Runway judge&#8217;s company announced a profit of $68.6 million or 34 cents, almost three times as much from last year. Revenue also jumped 71% to $414.9 million. Both earnings and revenue comfortably beating expectations. The retailer also raised its full-year &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/08\/16\/video-michael-kors-making-it-work-with-profits-almost-tripling-in-the-first-quarter\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VIDEO: Michael Kors Making It Work With Profits Almost Tripling in the First Quarter&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29937","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29937"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29937\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}