Overall, FQ4 was a very nice report but guidance for this year was soft. However, I think there is some room for upside surprises as the momentum Kors is carrying into this year and the guidance provided seem incongruent with each other. And when you add in the bazooka of share repurchases, Kors should be able to step over the almost imperceptible EPS growth analysts are forecasting for this year.
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More importantly, Microsoft (NASDAQ:MSFT) was upgraded by Cowen, pointing out that transition to the cloud is on track for Microsoft. Cramer said this is big news for the tech cohort. “The leader right now is tech, and when tech is at the vanguard, the market can give you a powerful and lasting move higher,” he added..
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Michael Kors stores are either directly or through licensing partners, in some of the most cities in the world, including New York, Beverly Hills, Chicago, Milan, Paris, Munich, Istanbul, Dubai, Seoul, Tokyo and Hong Kong. Looking Statements press release contains forward looking statements. You should not place reliance on such statements because they are subject to numerous and factors relating to the Company’s operations and business all of which are difficult to predict and many of which are the Company’s control.
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