Share Repurchase Program
The Board of Directors authorized a new $1 billion share repurchase program, expected to begin in fiscal '27, signaling financial strength and focus on shareholder returns.
Full Price Channel Improvement
Michael Kors' full price channel comps turned positive, with accessories business driving growth.
Retail Channel Growth in Asia
Michael Kors' revenue in Asia increased by 25% due to higher wholesale shipments.
Continued Revenue Growth in Europe
Michael Kors' revenue in EMEA increased by 4%, showing strong consumer reception to new product introductions.