John D. Idol, the Company’s Chairman and Chief Executive Officer, stated: “Fiscal 2015 marked another year of sales and earnings growth in excess of 30%. While we were faced with a number of headwinds in the fourth quarter, we were pleased with the strong performance across our segments and geographies. We believe that our results demonstrate the strength of the Michael Kors brand as our luxury products continue to resonate with consumers worldwide.”

For the fourth quarter, ended on the 28th of March, Michael Kors total revenue increased 17.8% to 1.1 billion US dollars from 917.5 million US dollars in the fourth quarter of fiscal 2014. On a constant currency basis, total revenue increased 23.3%.

Retail net sales increased 14.9% to 469.4 million US dollars driven by 121 net new store openings since the end of the fourth quarter of fiscal 2014 and ecommerce sales from the recently launched US ecommerce site. On a constant currency basis, retail net sales grew 21.1%. Wholesale net sales increased 20.4% to 570.4 million US dollars and on a constant currency basis, wholesale net sales grew 25.8%.

Total revenue in North America increased 13.7% to 840.5 million US dollars, with a 6.7% decrease in comparable store sales. On a constant currency basis, revenue in North America grew 14.3%, with a 5.8% decrease in comparable store sales. European revenue grew 33.5% to 219.8 million US dollars, with comparable store sales decreasing 5.6%. On a constant currency basis, revenue in Europe grew 59.5%, with an 11.0% increase in comparable store sales. Revenue in Japan increased 42.7% to 19.2 million, US dollars with comparable store sales growth of 12.4%. On a constant currency basis, revenue in Japan grew 65.0%, with a 30.0% increase in comparable store sales.