MICHAEL Michael Kors UK Holdings Ltd's Michael Kors international business is a significant growth opportunity that is under-valued by the stock market, an analyst said Monday.
Jefferies' Randal J. Konik said the British-based women's apparel and accessories designer's European revenue should hit $1 billion in fiscal 2016 and $1.5 billion "over the next few years."
menĄŻs and womenĄŻs ready-to-wear, eyewear and a full line of fragrance products. With an innate sense of glamour and an unfailing eye for timeless chic, Michael Kors offers a luxury lifestyle as pragmatic as it is indulgent and as timeless as Michael Kors Cynthia Satchels is modern.
Konik said the company expects to open 20 European stores in the current year and is about halfway to its goal of operating 200 stores in the region, which he said is Cheap Michael Kors UK as an important part of the company's "investment story."
Kors' current profit margins are "arguably unsustainable," according to Konik, adding that the measures may be hurt by the company's "investment" in sales, general Michael Kors Handbags administrative expense.
Yet Konik also added that he sees MICHAEL Michael Kors iPhone 4 Leather Case Purple "meaningful deceleration MK UK Cheap Sale peak margins" because of relatively high growth in same-store sales and European market penetration.
Jefferies hosted an investor meeting December Michael Kors Leopard Wallets Chief Executive ORS John D. Idol and Chief Financial Officer Joseph B.Parsons.
In Konik's view, "holiday sales Michael Kors Grayson Totes on track and Michael Kors Leopard Wallets growth carries this story into next year and beyond."