Michael Kors’ sales went up last year

In the fourth quarter, the group’s sales in the United States were $699 million, down 2.9% from a year earlier; sales in the EMEA region (Europe, Africa and the Middle East) were $287 million, a year-on-year increase of 34.1%; sales in the Asian market were $189 million, up 49% from the same period.

From the year of the year, the annual sales of the United States was 3 billion 32 million US dollars, down 3.4% from a year-on-year decline; the EMEA area sales were 10.91 US dollars, up 15.8% from the same year, and the annual sales of the Asian market rose by 45.2% to 593 million US dollars.

Whether in the fourth quarter or the whole year, the performance of the US region is not satisfactory, and the Asian market is booming. The loss of the base camp brought Michael Kors’s share price down 11.45% to $60.41 per share, the biggest decline in nearly 16 months, and its current market capitalization is about $9 billion 200 million.

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