Michael Kors Achieved Net Profit Of $161 Million A Year.

< p > American lifestyle "light luxury" brand Michael Kors Hodlings Ltd. (NYSE:KORS) announced its fourth quarter and year-round results in fiscal year 2014 before the opening of the US stock market on Wednesday. It shows that the strong sales of accessories and jewellery in the North American region, the largest market in the group, boosted the growth of 59.2% and 66.4% in the four quarter and the whole year respectively.

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< p > in the four quarter ended March 29, 2014, the group achieved net profit of US $161 million, or earnings per share of US $0.78, and net profit and earnings per share for the same period in the 2013 fiscal year were US $101 million 100 thousand and US $0.50 respectively.

Operating profit increased from $155 million 300 thousand to $245 million 900 thousand to $58.3%.

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The total income of the P > fourth quarter was 917 million 500 thousand US dollars, a 53.6% increase over the same period last year. The retail sales rose by 26.2% in the same store and 101 new stores in the whole year, and the sales increased 49.7% to 408 million 400 thousand dollars. Wholesale sales increased 55.5% to 473 million 700 thousand dollars, and authorized income increased to 79.1% dollars to 35 million 400 thousand dollars.

Gross profit margin increased slightly from 59.7% in the same period last year to 59.9%.

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< p > the group's 80% business: < a href= > http://www.91se91.com/news/index_c.asp > North American market > /a > revenue increased by 43% to 739 million 400 thousand US dollars per year, 20.6% of the same store sales increased, mainly by accessories and watches sales promotion, shoes wholesale sales are also excellent; the European market benefited from the increase in brand awareness, driven by rising demand, income surged 125% to 164 million 700 thousand US dollars, same store sales increased 62.7% < /p >

< p > as of March 29th, the group has 555 retail outlets in the global market: < a href= "http://www.91se91.com/news/index_c.asp" > Michael Kors < /a >, including 405 Direct stores (including department store counters) and 150 authorized shops (including department stores).

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In the financial year of < p > 2014, the group's a href= "http://www.91se91.com/news/index_c.asp" > net profit < /a > increased from US $397 million 600 thousand in the previous year to US $661 million 500 thousand, and earnings per share rose from US $1.97 to US $3.22, exceeding US $3.12 expected by the market.

Operating profit reached US $1 billion, an increase of 58.7% over the same period last year.

The annual revenue was $3 billion 300 million, which was better than the $3 billion 210 million forecast of the market. It also rose 51.8% compared with 2 billion 200 million US dollars last year. Retail sales and wholesale sales rose 49.9% and 52.8% respectively, reaching 1 billion 600 million US dollars and authorized income increased by 61.3% to 140 million 300 thousand dollars.

Gross margin increased by 100 basis points to 60.9%.

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< p > Michael Kors Hodlings Ltd. (NYSE:KORS) looks forward to the total revenue of the first quarter of fiscal year 2015 to reach US $8.40-8.50 billion, higher than the $826 million expected by the market, and the same store sales growth of about 20%, and earnings per share are expected to be between us $826 million, which is in line with the expected US $0.79.

As for the whole year, the Group expects revenue to be between 40-41 billion dollars, which is in line with market expectations of US $4 billion 58 million. The same store sales increase is about 17-19%, earnings per share will be 3.85-3.91 dollars, and the market forecast earnings per share is US $3.85.

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< p > Michael Kors Hodlings Ltd. (NYSE:KORS) Zhou Ershou reported a slight drop of 0.68% in the 95.74 US dollar, which increased by 8% at the most of the trading hours before Wednesday, narrowing to 3.41% at the time of the deadline and 99 US dollars.

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