Portfolio Manager Ramin Arani of Fidelity Management says Michael Kors Holdings Ltd (KORS) has significantly outperformed market expectations since going public in 2011, showing strong earnings growth as well as consistent same-store sales growth.
“This is a kind of stock that embodies some of the attributes and factors I look for when researching stocks…We thought Michael Kors would grow a lot faster than the market thought, but they’ve managed even to outperform even our rather aggressive expectations,” Arani said.
FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE.
Additionally, Arani says that Michael Kors Holdings has shown expanding margins, efficient use of capital and multiple expansion. One of the big drivers has been the company’s strong same-sales performance, he adds.
“They have been showing same-store sales growth very consistently. On top of that they have been growing stores and adding new products, among other things. This is therefore an example of the kind of company we look for,” Arani said.
Michael Kors Holdings Limited (KORS) An Attractive Option For Investors Who Want Exposure To Specialty Retail
December 10, 2013
Cracker Barrel Old Country Store (CBRL) Grows Earnings Per Share; Better Same-Store Sales Than Industry
July 12, 2013
Ross Stores, Inc. (ROST) an Undervalued Stock Expected to Show Stronger Same-Store Sales Growth
July 22, 2014
CarMax, Inc’s (KMX) Same-Store Sales Could be Down to 4% This Year
June 26, 2015
Franklin Street Properties Corp (FSP) Increases Office Leased Percentage to 94.4%, Same-Store Rent Growth 5%
June 21, 2013