Michael Kors: Looking long term and overseas for EPS growth; Buy -- Maxim Group
Maxim Group thinks long term on KORS, and believes that the consensus numbers in the out years are too low. Additionally, firm expects European wholesale and retail to drive revs and earnings. While firm doesn't expect a repeat of last quarter's 72.7% comp, it does expect significant growth in business. Maxim believes the improving European economy and the stronger Euro should benefit Michael Kors in the quarter.