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....These channels have produced robust financial gains over the years, helping the company grow from roughly $500 million in annual revenue in fiscal year 2010 to around $2 billion in fiscal 2013, which ended in March.
Now Michael Kors has its sights set on $4 billion in annual sales over the next few years. Many analysts reckon the company has the brand strength, growth strategy and financial might to pull it off.
Market Share Gains
"Doubling sales doesn't sound that hard," JPMorgan analyst Brian Tunick noted in a report last month. "Management suggested that the path to about $4 billion in revenue over the next few years would come through a combination of market share gains, retail expansion and growth internationally."
During a recent meeting with Michael Kors CEO John Idol and CFO Joe Parsons, Tunick found that management sounds particularly upbeat over the company's growth potential in Europe, which it sees as a $500 million-or-greater opportunity..........

Humm, they didn't invite the public to this meeting.

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