Michael Kors total revenue increased by 6.3% in the third quarter (ended by the 26th of December), reaching 1.40 billion US dollars. On a constant currency basis, total revenue increased by 9.9%.

In the same period, retail net sales increased by 11.1% totaling 766.2 million US dollars, driven primarily by ecommerce sales from the company's digital flagships and 114 net new store openings since the end of the third quarter of fiscal 2015. Comparable store sales decreased by 0.9%. On a constant currency basis, retail net sales grew by 15.7% and comparable store sales grew by 2.0%. Wholesale net sales were up by 0.3% totaling 575.5 million US dollars and on a constant currency basis they grew by 3.0%.

Total revenue in the Americas increased by 0.4% and reached 1.06 billion US dollars on a reported basis (+1.4% on a constant currency basis). European revenue grew by 14.3% totaling 276.0 million US dollars on a reported basis (+29.1% on a constant currency basis). Revenue in Japan increased by 59.1% totaling 25.5 million on a reported basis (+68.0% on a constant currency basis).

Net income for the third quarter of fiscal 2015 totaled 303.7 million US dollars.

As at the 26th of December, the company operated 623 retail stores, and had 234 additional retail stores, including concessions, operated through licensing partners. Including licensed locations, there were 857 Michael Kors stores worldwide at the end of the third quarter of fiscal 2016.

John D. Idol, the company’s Chairman and Chief Executive Officer, stated: “We are pleased with our third quarter results, as we delivered revenue, comparable store sales and earnings growth ahead of our expectations. Our performance was driven primarily by strong consumer response to our luxury fashion product offering, particularly in our accessories and footwear categories, the continued momentum in our digital flagship business and outstanding growth in our international markets.”

For the first nine months of the year, total revenue increased by 6.8% and reached 3.51 billion US dollars. On a constant currency basis, total revenue increased by 11.6%.

In the same period, retail net sales grew by 9.4% totaling 1.82 billion (+1.6% constant currency) and wholesale net sales increased by 3.9% totaling 1.55 billion US dollars (+7.9% on constant currency basis). Net income for the same period of fiscal 2015 was 698.4 million US dollars.