Michael Kors Hongkong'S Proxy Was Withdrawn And Myth Changed.

A better response was achieved with better performance than market expectations, but an important message also illustrates a more serious problem.

In the earlier issue of the right to dealership in recycling, it is foreshadowing that Cao Qifeng, who is a Chinese agent and accomplishments in the MK myth, will split up with MK.

Although the MK announced in the announcement that it would use $500 million to buy the agency, it would be a loss if it had been repeatedly seen by MK.

Earlier, the listing of MK was mainly caused by Cao Qifeng.

Therefore, MK is promoted.

After listing, at the same time, it created a sales myth at a low price. But after this recovery agent, the development of MK on the mainland will be re examined.

Although the MK earnings report shows a positive side, it has already proved that some of the investment bank's views are correct for the same store sales in the North American market.

Therefore, the future MK will face the dilemma of development.

Related links:

Last week, because of the price war between the chain stores in the United States, unfortunately, the Michael Kors, which had been abused by investment banks, has recently fallen.

But it is easy to hit back the rumors with the earnings report.

It is reported that in the fourth quarter of the 2016 fiscal year ending April 2, 2016, the MK group achieved a 10.9% revenue growth. The fourth quarter revenue increased from 1 billion 81 million US dollars to 1 billion 198 million 700 thousand US dollars in the same period last year, which is better than the market expectation of 1 billion 150 million US dollars. In addition, the net profit of the group in the fourth quarter decreased by 3.1% to 177 million US dollars.

Higher than the market forecast of 176 million dollars.

Therefore, the group also took the opportunity to announce that it would spend $500 million to reclaim the agency in Greater China and a $1 billion share repurchase program.