Luxury goods maker Michael Kors (NYSE:KORS) announced that it earned $43.6 million, or 22 cents per share in the last fiscal quarter versus a profit of $17.4 million, or 10 cents per share in the same period last year. Excluding one-time items, the company earned 21 cents per share. Revenue increased by 58% to $380 million, beating estimates of $360.6 million. Retail net sales increased by 80.3% to $172.2 million and same-store sales increased by 36.1%.
Last week, luxury athletics apparel make Lululemon Athletica (NASDAQ:LULU) announced strong earnings.
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