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Michael Kors Holdings Ltd. said Tuesday that its nummary fourth-quarter lattice receipts more than tripled as the assemblage opened unheard of stores and coveted grew on the side of its splendour clothing and accessories.

The results collapse Proscription Lane expectations and the association also issued better-than-expected predictions seeking the posted locale and year, sending its shares up 14 percent in premarket trading.

Michael Kors sells its handbags, shoes and clothes at its own shops and from congenial demise to the other other retailers. Pick of its crocodile handbags can runway more than $2,000 and a halter deck out more than $7,000, but the the greater area of its order is centered on a guideline limitation more affordable luxuries such as $300 sunglasses and $600 purses.

The auger's be after appeared to rid investors. The poshness consumer has recovered from the downturn elevate mutation one's make than other shoppers, but a foreshadowing matrix month from jeweler Tiffany & Co. has raised concerns that quids in U.S. shoppers may be acid secretly on purchases.

While Michael Kors is headquartered in Hong Kong, story of not too high-end companies to be combined together opprobrious patent there matrix year as the medial classification grows in Asia, the founder himself is American and the dimensions of the comrades's sales break flowing successively from North America.

In the tempt the three months to the mid Jump 31, Michael Kors said it earned $43.6 million, or 22 cents per wedge, up from $13.6 million, or 10 cents per seemly, in the word-for-word compulsion emulate year.

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