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Michael Kors Holdings (KORS) hit the Wall Street runway with head-turning first-quarter profit Tuesday as its chic luxury goods continued to win over shoppers in North America and Europe.

The high-end clothing and accessories seller said earnings in its June 29 quarter soared 79% to 61 cents a share, sailing past a consensus forecast of 49 cents from analysts polled by Thomson Reuters. Total revenue climbed 54% to $640.9 million, topping forecasts for $570.5 million.

The high-end fashion house also raised its full-year earnings guidance and forecast strong comparable-store sales gains for its second quarter and the year. Michael Kors shares rose 4% in the stock market Tuesday.

Retail net sales rose 52% to $325.7 million, fueled by a 27% rise in comparable-store sales and 75 new store openings in the past year. Wholesale net sales grew 59% to $290.6 million.

In North America, same-store sales soared 25% and wholesale sales surged 50%, partly on the continued shop-in-shop concept in department stores.

Europe was even stronger. Sales soared 144% as growing brand awareness led to 56% comp-store growth.

Kors' gross margin rose 150 basis points from a year earlier.

Kors has consistently topped analysts' sales and earnings forecasts since its IPO on Dec. 15, 2011. Currently on the IBD Leaderboard list of top growth stocks,Find a great selection of christian louboutin boots deals ! Click on any of the links below. it's up 38% this year.

"The quarter was excellent across the board," said William Blair & Co. analyst Amy Noblin. "They beat on comps, revenue and gross margin, and saw strength across all channels and geographies."

Results reflected the strength of the brand and its products and growing brand awareness and distribution, Noblin says.

"The leadership of Michael Kors and the design team have been critical to the brand's success, given they have delivered on-trend products across multiple categories," added Citi Research analyst Oliver Chen. "And Kors has cornered the jet-set traveler imagery at accessible price points. It sells handbags for $300 to $500 while its premium-luxury competitors can top $1,200."

Kors sees second-quarter sales of $695 million to $705 million, with comps rising 15% to 20%. It expects earnings of 62-64 cents.

For the full year, Kors sees revenue of $2.8 billion to $2.9 billion, in line with Wall Street forecasts of $2.84 billion. It sees comps up about 20% and earnings of $2.welcome to Michael Kors 2013,free Shipping available. Buy Now!‎There are numerous diversified high heels at christian louboutin shoes for sale.67-$2.69 a share, above the Street's projections for $2.57.

"A comp gain of 20% for the full year is industry-leading comp growth," said Chen. He thinks Kors brand awareness can grow further, especially in Europe, where "there's no strong multicountry brand at this price point."

Another big stock mover Tuesday was Fossil (FOSL), which shot up 18%. The fashion accessories designer and retailer makes watches sold under its namesake label and other brands, including Michael Kors. It posted Q2 EPS of $1.15 vs. the Street's view for 93 cents. Revenue popped 11% to $706 million, over forecasts for $691.Shop cheap christian louboutin shoes,pumps,wedding shoes,sandals with low price in our discount christian louboutin sandals Store online.2 million.

Wholesale sales were strong in Europe and Asia Pacific, and Fossil notched double-digit growth in its watches and jewelry. It raised full-year EPS guidance to $6.15-$6.35, from $6-$6.26.

But teen apparel retailer American Eagle Outfitters (AEO) sank 12% Tuesday. It lowered its second-quarter earnings outlook late Monday due to weaker-than-expected sales and margins.

It was real end-to-end stuff as the first half drew to a close, and after failing to score at one end, Williams made an essential interception to keep out JJ Hooper after McLoughlin made the initial block to O’Donovan’s shot. The defender reacted quickly to his keepers’ save, putting himself on the line to beat Hooper to the ball, knocking it over for a corner.

Heath, clearly harbouring a grudge from Alli’s earlier collapse, then took out his frustrations on the teenager 40 yards from goal. After being slid through by Reeves, Alli looked clear on goal. But a cynical foul from the defender scythed down the Dons man. Incredibly, he only picked up a booking.

The firey nature of the clash continued into the second half. Alli was the subject of yet another brutal tackle on halfway, this time from Deegan who escaped with a booking.

Duke too carried his fine form into the second half,There are numerous diversified high heels at christian louboutin shoes for sale. first saving from Bamford and then Banton as Dons pressed forward. But there was nothing he could do when Dons doubled their lead eight minutes after the restart. Reeves’ deep corner made its way to Alli at the far post, and Duke was unsighted until late but reacted brilliantly to keep out his strike. But unfortunately for the keeper, and fortunately for Jason Banton, it fell to his feel and he sent it high into the net for 2-0.

George Baldock should have wrapped things up not once but twice in the space of two minutes, but couldn’t make Duke work on either occasion. First, his brilliant jinking run had Lee Collins twisted into a knot, but Heath recovered to block Baldock’s strike. And then moments later, an unmarked Baldock was inches away from Banton’s cross with the open goal begging to be hit.

Some of the pace and exuberance was taken from the game with the second goal, and with the substitutions when Alli and Bamford made way for Luke Chadwick and Izale McLeod as Dons went direct.

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