Dive Brief:

• Retailer Michael Kors Holdings reported a 31% increase in revenues last quarter after experiencing strong demand during the holiday season.
• Same-store sales rose just 6% in North America, falling short of analyst expectations, and 8.6% worldwide. 
• Retail sales grew 37% to reach $689.4 million, driven by 114 new store openings. 

Dive Insight:

Michael Kors posted impressive results in the last quarter, but still failed to meet Wall Street expectations. Company revenues including licensing rose 29.9% to reach $1.26 billion in its fiscal third quarter ending Dec. 27. 

Kors’ retail operating margins fell 31.2% from 34.0% in the same quarter of 2013, however, and North American same-store sales figures fell short of the average 9% analysts expected. While the company’s new website may have shifted some spending from physical retail to e-commerce, Wall Street watchers expressed concern that the brand is becoming overextended.