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Author: originalupndn Big red star, 1000 posts Old School Fool Ticker Guide Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 119  
Subject: Barclays Store Count Projection Date: 10/10/2012 11:10 AM
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Just ran into this item from August. Does not mention Asia other than Japan. Perhaps that is all held by the majority stock holder which would
be under the wholesale category.

Barclays initiates coverage on Michael Kors (NYSE: KORS) with an Overweight. PT $55.00.

Analyst, Robert S. Drbul, said, "The company has demonstrated industry-leading momentum, with revenue growth of 62.1% in FY12, including comps up 39.2%. We believe KORS can generate at least 20%-25% revenue growth and 25%-30% EPS growth over the next 3 - 5 years."

Drbul sees retail stores expanding from the current 237 to 600 (400 in N. America, 100 in Europe and 100 in Japan). Currently, KORS total international revenue is only 9%, whereas Coach (NYSE: COH) is 30% and Polo (NYSE: RL) is 36%. Point being, there's lots of opportunity for growth with wholesalers and its own retail stores.

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