NEW YORK — Michael Kors Holdings Ltd. on Monday raised its fourth-quarter and full-year guidance.
The company said in a regulatory filing with the Securities and Exchange Commission that it now expects fourth-quarter diluted earnings per share to be between 14 cents and 16 cents, up from previous guidance of between 10 cents and 12 cents. The updated guidance excludes the effect of a one-time gain in the fourth quarter, which the firm said impacted diluted EPS by 1 cent. Total revenue is forecasted in the range of $350 million to $360 million.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"