Michael Kors’ Q1 Bested Wall Street EstimatesQ1 EPS bested Wall Street estimates by 37 cents, prompting a raise in full year fiscal 2019 EPS guidance.

[Collection]Michael Kors Holdings Limited posted strong first-quarter results, good enough to warrant raising its full year fiscal 2019 outlook. For the three months ended June 30, net income jumped 48.5 percent to $186.4 million, or $1.22 a diluted share, from $125.5 million, or 80 cents, in the year-ago quarter. On an adjusted basis, EPS was $1.32. Total revenues rose 26.3 percent to $1.20 billion, which included a $172.7 million contribution from the Jimmy Choo brand, from $952.4 million. Wall Street was expecting 95 cents in EPS on revenues of $1.14 billion. Shares of Michael Kors rose 5.2 percent to $68.99 in pre-market trading at 7:02 a.m. The company said Michael Kors brand revenues grew 8 percent, while comparable-store sales were flat. The company said it did see positive comps growth in the Americas, as well as in the Michael Kors brand for accessories, footwear and women’s Ready-to-Wear. Renovated stores – those converted to the brand’s new luxury concept format – outperformed the balance of the chain, the company said. For Jimmy  Choo, the company said the brand “delivered better than anticipated revenues and operating income.” Further, comps “exceeded uexpectations.” John D. Idol, chairman and chief executive officer, said, “We are encouraged by our first quarter performance,

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