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To: TH who wrote (85402)	2/12/2013 9:10:14 AM
From: Zincman	2 Recommendations Read Replies (1) \| Respond to of 119360

Not for all but it's how I've decided to "adjust my sails to the new wind" ..per se "God must really love the critic, he sure made a lot of them." a fav quote of mine. I've found that most people will complain about an injustice but very few will act to change it... I try to do the opposite. Act much, complain little...and for me that seems to work.

To: TH who wrote (85402)	2/12/2013 9:14:38 AM
From: Smiling Bob	Respond to of 119360

Ben bucks trickling into the economy as planned Wealthy demanding more pretentious crap; creating more minimum wage jobs at US malls, Chinese sweatshops, and in poaching --------------- UPDATE 1-Michael Kors raises FY outlook after 3rd-qtr rev jumps 70 pct 8:27am EST * Third-quarter earnings $0.64/share vs est $0.41/share * Revenue jumps 70 pct to $636.8 mln * Raises full-year EPS estimate to $1.80-$1.82 from $1.48-$1.50 * Raises full-year rev view to $2.1 bln from $1.86 bln-$1.96 bln * Shares jump 11 pct pre market Feb 12 (Reuters) - Fashion company Michael Kors Holdings Ltd handily beat Wall Street's estimates for its third-quarter results and raised its full-year outlook, boosted by strong sales of its luxury items in North America and Europe during the holiday season. The results sent the company's shares up 11 percent in premarket trade on Tuesday. Revenue jumped 70 percent to $636.8 million in the quarter ended December, well ahead of the $540.3 million analysts had anticipated. Kors, known for its designer wear, handbags and watches, raised its full-year earnings-per-share estimate to between $1.80 and $1.82 from a range of $1.48 to $1.50. It now sees full-year revenue at about $2.1 billion, against the $1.86 billion to $1.96 billion forecast earlier. Analysts had estimated full-year earnings of $1.57 per share on revenue of $2.01 billion, according to Thomson Reuters I/B/E/S. Comparable-store sales in the third quarter rose 41 percent in North America, while those in Europe rose 58 percent. Last month, rival Coach Inc said comparable-store sales in North America fell 2 percent in the holiday quarter, indicating, according to some, that Kors is gaining market share. Sales at its wholesale division rose 75 percent in North America to $573.1 million, helped by higher same-store sales and increased conversion of wholesale department stores into branded shop in shops, John Idol, chief executive officer said. Net income rose four fold to $130.0 million, or 64 cents per share, up from $32.0 million, or 20 cents per share, a year earlier. Analysts had expected 41 cents per share. Kors shares closed at $57.00 on the New York Stock Exchange on Monday. © Thomson Reuters 2011. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to colleagues, clients or customers, use the Reprints tool at the top of any article or visit: www.reutersreprints.com.