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Michael Kors Beats on Both Profit and Revenue

Net income for the full year totaled $397.6 million, or $1.97 a share. Total revenue for the year increased 67.5% from 2012 to $2.2 billion.

The company expects first-quarter earnings in the range of 46 cents to 48 cents a share based on revenue of $555 million to $565 million

For the year, Michael Kors expects total revenue to be in the range of $2.65 billion to $2.75 billion, based on a comparable-store sales increase in the range of 15% to 20%. Earnings per share are expected to be in the range of $2.43 to $2.47.

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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