Share: Facebook Twitter Digg Delicous Email More...
Logo
News Menu Pro Shop Event Listing Photo Gallery Join Our Email Club Contact Us

Buy Cheap Michael Kors Handbags Online Outlet Store

Cheap and Fine Michael Kors Handbags Outlet, Buy Cheap MK Bags From Our MK Handbags Outlet Store, Michael Kors Sale At Clearance Price!

Recently, the American luxury brand light MichaelKorsHoldingsLtd. Announced the third quarter of fiscal year 2014/2015 (October to December 2014) results. MichaelKors overall sales for the quarter amounted to $ 1.31 billion, an increase of 29.9%, the growth rate is slowing down, significantly lower than the 42.7% in cheap michael kors handbags the first quarter and 54.5% in the second quarter. At constant exchange rates, sales rose by 32.6%.

Announcements, MichaelKors slowdown trend spread to the second largest market in Europe, the local same-store sales excluding currency effects before and after the increase, respectively, 21.2% and 29.9%, well below the 41.1 percent in the second quarter. michael kors handbags cheap Same-store sales in Japan grew 35.4%, after growth of 54.4% excluding currency effects, slightly higher than 52.9% over the second quarter.

In the luxury experts, dean of Fortune Character Institute Zhou Ting seems, MichaelKors is currently "under the fast-fast" situation. "Whether or MichaelKors KateSpade, are facing the same four major issues - the continued negative growth in profits, a serious decline in same-store sales, inventory pressures rising, michael kors cheap handbags the lack of sales growth momentum."

Although MichaelKors third quarter gross profit rose 29.2% to $ 800.1 million, but gross margin fell by a substantial discount but dragged 0.3 percentage points, from 61.2% in fiscal year 2014 fell 60.9% over the same period. UBS analyst ChristianBuss analysts said, MichaelKors12 month on its website as much as 65% discount, the other hand, its main competitor Coach and KateSpade were reduced by a discount promotional efforts. Operating profit was $ 418.5 million, representing a year-on-year increase of 21.9%, cheap mk handbags operating margin declined significantly by 2.1 percentage points to 31.8%. Net profit rose 32.3% to $ 304 million, and diluted earnings per share of $ 1.11 from the same period last year rose to $ 1.48, the market expected $ 1.33. The growth rate of the three profit targets than the second quarter narrowed.

MichaelKors said the fourth quarter of this fiscal year, sales revenue is estimated at 1.05 billion - $ 1.08 billion, lower than analysts had forecast. 2014/2015 fiscal year sales revenue mk handbags cheap is expected to reach $ 4.4 billion.

By the end of the third quarter of 2014, the group has 509 directly managed retail stores, through authorized business partners have 194 shops.