Michael Kors Holdings is a multinational fashion company that sells clothes, shoes and accessories. Its products include accessories, footwear, watches, jewelry, men’s and women’s ready-to-wear, eyewear and a full line of fragrance products. Michael Kors stores are operated, either directly or through licensing partners

Employee Rating

3.4More
TypePublic
HQNew York, US
Founded1981
Size (employees)14,846 (est)+9%
Websitemichaelkors.com
Michael Kors was founded in 1981 and is headquartered in New York, US
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Key People/Management at Michael Kors

Krista McDonough

Krista McDonough

Senior Vice President, General Counsel
Michael Kors

Michael Kors

Honorary Chairman, Chief Creative Officer and Director
John Idol

John Idol

Chairman, Chief Executive Officer and Director
Cathy Marie Robinson

Cathy Marie Robinson

Senior Vice President of Corporate Strategy and Chief Operations Officer
Pascale Meyran

Pascale Meyran

Senior Vice President, Chief Human Resources Officer
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Michael Kors Office Locations

Michael Kors has an office in New York
New York, (HQ)
11 W 42nd St
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Michael Kors Financials and Metrics

Michael Kors Revenue

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Michael Kors's revenue was reported to be $4.72 b in FY, 2018 which is a 5% increase from the previous period.
USD

Market capitalization (12-Dec-2018)

5.8b

Closing stock price (12-Dec-2018)

38.8
Michael Kors's current market capitalization is $5.8 b.
Annual
USDFY, 2017FY, 2018

Revenue

4.5b4.7b

Revenue growth, %

(5%)5%

Cost of goods sold

1.8b1.9b

Gross profit

2.7b2.9b
Quarterly
USDQ1, 2019

Revenue

1.2b

Cost of goods sold

451.7m

Gross profit

750.8m

Gross profit Margin, %

62%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

702.0m227.7m163.1m

Accounts Receivable

265.8m290.5m

Inventories

549.3m660.7m

Current Assets

1.2b1.3b
Quarterly
USDQ2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

169.9m

Accounts Receivable

262.5m

Inventories

697.0m

Current Assets

1.3b
Annual
USDFY, 2017FY, 2018

Net Income

551.5m592.1m

Depreciation and Amortization

219.8m208.6m

Inventories

20.6m46.0m

Accounts Payable

37.5m(20.9m)
Quarterly
USDQ2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

186.2m

Depreciation and Amortization

55.9m

Inventories

(52.4m)

Accounts Payable

(4.4m)10.0m
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Michael Kors Operating Metrics

FY, 2016FY, 2017FY, 2018

Department Store Doors (Wholesale)

1.62 k

Outlet Stores

176 213 233

Retail Stores (Jimmy Choo)

182

Specialty Store Doors (Wholesale)

1.92 k
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Michael Kors Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
VersaceSeptember 24, 2018$2.12 b
Jimmy ChooJuly 25, 2017£896 m
Choo EUR Finance Limited
Choo Luxury Finance Limited
Choo Luxury Group Limited
Choo Luxury Holdings Limited
Choo USD Finance Limited
Franchoo SAS
Itachoo S.r.l.
JAG Acquisitions (UK) Limited
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Michael Kors Revenue Breakdown

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Michael Kors revenue breakdown by business segment: 34.7% from MK Wholesale, 57.5% from MK Retail and 7.8% from Other

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Michael Kors Online and Social Media Presence

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Michael Kors News and Updates

Option-trading opportunities on Callon Petroleum, Electronic Arts, International Business Machines, Michael Kors, and Wynn Resorts

NEW YORK, Nov. 8, 2018 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CPE, EA, IBM, KORS, and WYNN. Click a link below to see an in-depth options trade idea report. Options Report – Ideal trade ideas on up to seven different options trading strategies. The report...

Michael Kors is in danger of getting 'lost in a sea of 'stuff''

Michael Kors shares tanked on Wednesday morning after the retailer reported worse-than-expected  earnings results for the second quarter. Same-store sales dropped 2.1% at its namesake brand, mostly due to a decline in the European market. GlobalData Retail's Neil Saunders says that Michael Kors…

Michael Kors shares slide 16 percent as European stores struggle

Michael Kors shares slumped 16 percent on Wednesday as the fashion group missed Wall Street estimates for quarterly revenue, hurt by lower sales at its stores in Europe, where it is struggling to create a stronger luxury identity.

Michael Kors tanks after missing on sales and seeing comparable sales down in low-single digits (KORS)

Michael Kors beat on profits but missed on sales. Its same-store sales dropped  2.1%, mostly due to a decline in the European market. The company boosted its earnings guidance but said it expects its full-year same-store sales to decline in the low-single digits. Watch Michael Kors trade live. Mi…

Shares in Michael Kors plunge as sales miss trumps earnings beat

Shares in Michael Kors plunge as sales miss trumps earnings beat

Michael Kors misses revenue estimates as European sales take hit

Michael Kors missed Wall Street's quarterly revenue estimates for the first time in almost two years, as the luxury hand-bag maker recorded lower sales at retail outlets in Europe, where it is trying to gain a stronger foothold.
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Michael Kors Company Life and Culture

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Michael Kors Frequently Asked Questions

  • When was Michael Kors founded?

    Michael Kors was founded in 1981.

  • Who are Michael Kors key executives?

    Michael Kors's key executives are Krista McDonough, Michael Kors and John Idol.

  • How many employees does Michael Kors have?

    Michael Kors has 14,846 employees.

  • What is Michael Kors revenue?

    Latest Michael Kors annual revenue is $4.7 b.

  • What is Michael Kors revenue per employee?

    Latest Michael Kors revenue per employee is $317.8 k.

  • Who are Michael Kors competitors?

    Competitors of Michael Kors include Tory Burch, Burberry and Kering.

  • Where is Michael Kors headquarters?

    Michael Kors headquarters is located at 11 W 42nd St, New York.

  • Where are Michael Kors offices?

    Michael Kors has an office in New York.

  • How many offices does Michael Kors have?

    Michael Kors has 1 office.