Michael Kors

Michael Kors Holdings Limited is a global lifestyle brand . The Company designs, materials and craftsmanship with a jet-set aesthetic that combines stylish elegance and a sporty attitude. The Company is an American sportswear house to a global accessories, footwear and apparel company with a presence in over 85 countries.

Company Growth (employees)
Type
Public
HQ
New York, US
Founded
1981
Size (employees)
12,689 (est)
Michael Kors was founded in 1981 and is headquartered in New York, US

Key People at Michael Kors

Michael  Kors

Michael Kors

Honorary Chairman, Chief Creative Officer and Director
John  Idol

John Idol

Chairman, Chief Executive Officer and Director
Joseph   Parsons

Joseph Parsons

Executive Vice President, Chief Financial Officer, Chief Operating Officer and Treasurer
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
Krista McDonough

Krista McDonough

Senior Vice President, General Counsel

Michael Kors Office Locations

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

Michael Kors Data and Metrics

Michael Kors Financial Metrics

Michael Kors's revenue was reported to be $4.5 b in FY, 2017 which is a 5% decrease from the previous period.
USD

Revenue (FY, 2017)

4.5 b

Revenue growth (FY, 2016 - FY, 2017), %

(5%)

Gross profit (FY, 2017)

2.7 b

Gross profit margin (FY, 2017), %

59%

Net income (FY, 2017)

551.5 m

EBIT (FY, 2017)

689.9 m

Market capitalization (21-Jul-2017)

5.9 b

Cash (01-Apr-2017)

227.7 m
Michael Kors's current market capitalization is $5.9 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

3.3 b3.3 b4.4 b4.7 b4.5 b

Revenue growth, %

(0%)32%8%(5%)

Cost of goods sold

1.3 b1.7 b1.9 b1.8 b

Gross profit

2 b2.6 b2.8 b2.7 b

Gross profit Margin, %

61%61%59%59%

General and administrative expense

1.6 b

Operating expense total

1 b1.4 b1.6 b2 b

EBIT

1 b1.3 b1.2 b689.9 m

EBIT margin, %

30%29%25%15%

Interest expense

393 k215 k1.7 m4.1 m

Pre tax profit

1 b1.3 b1.2 b688.6 m

Income tax expense

346.2 m374.8 m334.6 m137.1 m

Net Income

661.5 m661.5 m881 m837.7 m551.5 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

919.2 m1.1 b1.3 b986 m1.1 b1.4 b987.9 m1.1 b1.4 b

Cost of goods sold

347.5 m411.6 m514.6 m382.3 m465.6 m565.5 m396.6 m443.5 m547.1 m

Gross profit

571.6 m645 m800.1 m603.6 m664.4 m832 m591.3 m644.7 m805.7 m

Gross profit Margin, %

62%61%61%61%59%60%60%59%60%

General and administrative expense

265.9 m305.4 m344.2 m313.5 m345.2 m377.6 m354 m379.7 m407.6 m

Operating expense total

265.9 m305.4 m344.2 m313.5 m345.2 m377.6 m354 m379.7 m407.6 m

EBIT

276.8 m305.6 m418.5 m248.6 m273.1 m409.3 m186.9 m203.7 m341.9 m

EBIT margin, %

30%29%32%25%24%29%19%19%25%

Interest expense

72 k116 k109 k375 k632 k300 k1.4 m3.4 m

Pre tax profit

276 m304.1 m417 m247 m271.2 m408.6 m185.6 m202.6 m341.7 m

Income tax expense

88.3 m97.1 m113.3 m72.7 m78.4 m114.4 m39.3 m41.9 m70.4 m

Net Income

187.7 m394.7 m698.4 m174.4 m367.5 m661.4 m146.3 m307 m578.3 m
USDY, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Y, 2016FY, 2017

Cash

5.7 m21.1 m113.6 m487.3 m971.2 m978.9 m702 m227.7 m

Inventories

426.9 m519.9 m546.8 m549.3 m

Current Assets

1.8 b2 b1.7 b1.2 b

PP&E

350.7 m562.9 m758.2 m591.5 m

Goodwill

14 m14 m23.2 m119.7 m

Total Assets

2.2 b2.7 b2.6 b2.4 b

Accounts Payable

132 m142.8 m131.4 m176.3 m

Current Liabilities

308.4 m330.1 m435.5 m565.8 m

Total Liabilities

814.6 m

Additional Paid-in Capital

527.2 m636.7 m718.9 m767.8 m

Retained Earnings

1.3 b2.2 b3 b3.6 b

Total Equity

1.8 b2.2 b2 b1.6 b

Financial Leverage

1.2 x1.2 x1.3 x1.5 x
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

1.1 b1 b949.8 m808.5 m431.5 m696.8 m337.1 m186.4 m368.8 m

Inventories

527.3 m619.3 m537.5 m606.5 m713.7 m588.3 m606.9 m695.7 m586.2 m

Current Assets

2 b2.1 b2 b1.8 b1.6 b1.7 b1.3 b1.3 b1.4 b

PP&E

404 m453.8 m532.3 m624.2 m672.4 m739.9 m798.7 m801 m771 m

Goodwill

14 m14 m14 m14 m26.2 m23.2 m122.2 m119.7 m119.7 m

Total Assets

2.5 b2.7 b2.6 b2.6 b2.4 b2.5 b2.7 b2.8 b2.8 b

Accounts Payable

140.3 m179.1 m175.2 m172.1 m199.2 m190.7 m167.4 m179.7 m214 m

Current Liabilities

322.6 m325.9 m361.3 m339 m387.1 m423.1 m701.9 m832.3 m671.8 m

Additional Paid-in Capital

559.2 m586.6 m610.9 m662.5 m677.7 m692.8 m732.5 m749.3 m760 m

Retained Earnings

1.5 b1.7 b2 b2.3 b2.5 b2.8 b3.2 b3.3 b3.6 b

Total Equity

2 b2.2 b2.2 b2.1 b1.9 b2 b1.8 b1.7 b1.9 b

Financial Leverage

1.2 x1.2 x1.2 x1.2 x1.3 x1.3 x1.5 x1.6 x1.5 x
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

661.5 m881 m837.7 m551.5 m

Depreciation and Amortization

79.7 m138.4 m183.2 m219.8 m

Inventories

(160 m)(110 m)(16 m)20.6 m

Accounts Payable

49 m5.8 m14.2 m37.5 m

Cash From Operating Activities

631.8 m857.9 m1.2 b1 b

Capital Expenditures

(184.7 m)(356.2 m)(369.2 m)(164.8 m)

Cash From Investing Activities

(215.5 m)(388.4 m)(381.1 m)(650.9 m)

Cash From Financing Activities

71.1 m(434.7 m)(1.1 b)(843.6 m)

Interest Paid

699 k729 k1.5 m3.5 m

Income Taxes Paid

280.7 m373.3 m273 m171.1 m

Free Cash Flow

816.5 m1.2 b1.6 b863.2 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

187.7 m394.7 m698.4 m174.4 m367.5 m661.4 m146.3 m307 m578.3 m

Depreciation and Amortization

29 m63.1 m100.6 m41.6 m87.7 m132.7 m50.4 m106.8 m162.5 m

Inventories

(100 m)(201 m)(125.3 m)(80.6 m)(180 m)(65.6 m)(32.4 m)(120.2 m)(20.2 m)

Accounts Payable

8 m48.2 m46.5 m29.2 m58.7 m47.2 m25.6 m38.3 m74.4 m

Cash From Operating Activities

221.7 m198.3 m672.1 m279.7 m392.9 m960.7 m322.5 m345 m887.1 m

Capital Expenditures

(73.2 m)(157.4 m)(282.7 m)(106 m)(193.5 m)(290.2 m)(46.9 m)(99.2 m)(147.7 m)

Cash From Investing Activities

(77.7 m)(172.4 m)(311.8 m)(114.3 m)(202.5 m)(296.5 m)(527.7 m)(585.5 m)(632.8 m)

Cash From Financing Activities

22.8 m36.8 m(353 m)(337.8 m)(736 m)(940.7 m)(156.2 m)(270 m)(578.2 m)

Interest Paid

173 k341 k537 k190 k381 k427 k300 k1.7 m3.1 m

Income Taxes Paid

51.2 m240.7 m315.6 m61.4 m133.7 m205.8 m16.3 m103 m164.7 m

Free Cash Flow

148.5 m40.9 m389.3 m173.7 m199.4 m670.5 m275.6 m245.8 m739.4 m
USDY, 2017

Revenue/Employee

354.1 k

Financial Leverage

1.5 x

Michael Kors Operating Metrics

Michael Kors's Stores was reported to be 668 in FY, 2016
FY, 2013FY, 2014FY, 2015FY, 2016

Stores

304405526668

Michael Kors Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Jimmy ChooJuly 25, 2017£896 m

Michael Kors Market Value History

Michael Kors Revenue Breakdown

Michael Kors Online and Social Media Presence

Michael Kors News and Updates

Michael Kors Company Life and Culture

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