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.

Type
Public
HQ
New York, US
Founded
1981
Size (employees)
13,702 (est)+8%
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
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

Michael Kors Office Locations

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

Michael Kors Financials

Michael Kors's revenue was reported to be $4.49 b in FY, 2017 which is a 4.6% decrease from the previous period.
USD

Revenue (FY, 2017)

4.5 b

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

(4.6%)

Gross profit (FY, 2017)

2.7 b

Gross profit margin (FY, 2017), %

59.2%

Net income (FY, 2017)

551.5 m

EBIT (FY, 2017)

689.9 m

Market capitalization (20-Apr-2018)

10.1 b

Cash (1-Apr-2017)

227.7 m
Michael Kors's current market capitalization is $10.1 b.
Annual
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
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q2, 2016Q1, 2016Q3, 2017Q1, 2017

Revenue

740.3 m1 b919.2 m1.1 b1.3 b986 m1.1 b1.4 b1.1 b987.9 m1.4 b952.4 m

Cost of goods sold

290.4 m392.7 m347.5 m411.6 m514.6 m382.3 m465.6 m565.5 m443.5 m396.6 m547.1 m377.7 m

Gross profit

449.9 m619.5 m571.6 m645 m800.1 m603.6 m664.4 m832 m644.7 m591.3 m805.7 m574.7 m

Gross profit Margin, %

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

Accounts Receivable

Inventories

426.9 m519.9 m546.8 m549.3 m

Current Assets

1.8 b2 b1.7 b1.2 b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q2, 2016Q1, 2016Q3, 2017Q1, 2017

Cash

618.8 m828.3 m1.1 b1 b949.8 m808.5 m431.5 m696.8 m186.4 m337.1 m368.8 m273.7 m

Inventories

404.2 m431.6 m527.3 m619.3 m537.5 m606.5 m713.7 m588.3 m695.7 m606.9 m586.2 m616.1 m

Current Assets

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

PP&E

284.6 m321.5 m404 m453.8 m532.3 m624.2 m672.4 m739.9 m801 m798.7 m771 m585.5 m
Annual
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
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q2, 2016Q1, 2016Q3, 2017Q1, 2017

Net Income

270.8 m500.4 m187.7 m394.7 m698.4 m174.4 m367.5 m661.4 m307 m146.3 m578.3 m125.5 m

Depreciation and Amortization

34 m55.7 m29 m63.1 m100.6 m41.6 m87.7 m132.7 m106.8 m50.4 m162.5 m47.6 m

Inventories

(135.4 m)(162.2 m)(100 m)(201 m)(125.3 m)(80.6 m)(180 m)(65.6 m)(120.2 m)(32.4 m)(20.2 m)(55.6 m)

Accounts Payable

36.1 m62 m8 m48.2 m46.5 m29.2 m58.7 m47.2 m38.3 m25.6 m74.4 m(23.7 m)
USDY, 2017

Revenue/Employee

354.1 k

Financial Leverage

1.5 x
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Michael Kors Operating Metrics

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

Stores

304 405 526 668
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Michael Kors Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Jimmy Choo July 25, 2017£896 m
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Michael Kors News and Updates

Veteran Michael Kors Executive Anna Bakst Tapped to Lead Kate Spade

Bakst had a 14-year run at Michael Kors.

Michael Kors, Gap, and Ralph Lauren are trying a new strategy to survive the retail apocalypse — and customers are going to hate it

American consumers became addicted to discounts after the recession. But heavy discounting eats into profit margins and can be detrimental to a brand's image. Ralph Lauren, Michael Kors, and Gap are scaling back on discounts after years of declining sales and profits.   American consumers are a…

As Michael Kors and Gucci swear off fur, China’s shoppers are still eager for it

If you judged solely by the major fashion players ditching fur, you might think the fur industry was collapsing. On Dec. 15, after years of…

Michael Kors and Jimmy Choo To Go Fur-Free as Movement Gains Steam

PETA announced the decision on Friday after a meeting with Michael Kors chief John Idol.

Michael Kors Commits to Going Fur-Free in 2018

The American accessible luxury brand is the latest company to adopt a fur-free policy, effective in 2018.

Power Moves | Sebastian Suhl Joins Valentino, Michael Kors Names CBO

This week, Valentino taps Marc Jacobs CEO Sebastian Suhl for the role of managing director of global markets, while Michael Kors names Francesca Leoni as chief brand officer.
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