Michael Kors on Conference Call
- China and Southeast Asia were two of the stronger markets for the co.
- Sees ample opportunity to drive double digit top line growth through multiple channels; expect N. American digital flagship to drive strong double digit gains; will launch flagship digitals in Europe and Asia; Sees e-commerce reaching 20% of sales over long term.
- Continues to see the potential for 700 stores globally.
- Sees moderate same store sales growth driving top line.
- Wholesale sees continued momentum.
- Will continue to invest in marketing programs.
- Sees opportunity in footwear and women's wear; Views Menswear as potential billion dollar segment.
- Jewelry, fragrance, and eyewear also represent opportunity.
- Sees Europe as a $1.5 bln and Japan $300 mln and Korea $100 mln markets; will strengthen across Asia through regional licenses.
- Sees double digit top and bottom line growth in FY17.