Michael Kors Holdings Limited has recently released its second-quarter fiscal for 2018 which had earnings per share of $1.33, beating the market estimate of just 83 cents. The luxury fashion line also had a surge by 37% in a year-over-year basis.

Also on its release date, Shares of Michael Kors improved on Monday as it raised its full-year outlook, as further significant metrics had major highlights.

Generally, the Fiscal second-quarter earnings climbed by 40% to $1.33 while its revenue increased by 5.4% to $1.15 billion. Analysts forecasted $1.05 billion for its revenue.

American Unit’s Revenue added 0.9% to $751.9 million for the period. As for the European Unit, the data surged by 9.2% to $270.7 million. Furthermore, Asian Unit’s revenue added 30.4% to $124 million.


Michael Kors Spring/Summer 2014 Fashion Show

Total same-store sales had declined by 1.8% - a beat since the estimated data for such decline is 4.6%, according to sources.

The company stated that its plans to cut down its promotion have had a positive effect on the reports. Furthermore, its signature backpacks has been one of the top selling item of the company despite the higher price rates.

Regardless of the robust performance in its fiscal second quarter results, Michael Kors was watchful on the coming holiday quarter. The Board is estimating a fiscal Q3 EPS of $1.22-$1.27. As for its, revenue is expected to be at $1.355 billion-$1.385 billion. Analysts however are forecasting an EPS of $1.50 and revenue of $1.42 billion for the coming quarter.

Lastly, Analysts casts a full-year data of $3.74 for its EPS and $4.563 billion for its revenue.

Trading Performance


As mentioned above, Shares of the luxury fashion line have indeed had a good performance in its earnings release on Monday. The hefty amount of bulls marked it overbought for the time being. At its most recent trades, it closed at 54.64 which is somehow a 0.04% increase from its recent one despite being marked as bearish.

The Relative Strength Index last performed at 77.61. Reaching this level made it overbought as it is above the 70’s region.  It remained flat in its recent performance however.

Lastly, its Coppock curve was found trading high at the positive region. At 8.14, a position of buy would much recommended for the stock.

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