VIDEO: Michael Kors Making It Work With Profits Almost Tripling in the First Quarter

Michael Kors (NYSE:KORS) is making it work, especially for his company’s first quarter. The Project Runway judge’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%.

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