John D. Idol
Christina. Thank you,
fiscal an Michael Looking Holdings exciting was XXXX Limited. for back, year Kors
growth support to future foundation of company. strong a the established we our As
Runway collections two a a on trend leaders fashion and fashion With design. in with of the luxury group we acquisition industry bringing together Choo, global Jimmy formed focus and style
to fiscal with results success and strategic plan. of was Michael innovative this achieving our brand, elevated We better Foundational Kors were and the this operating marked XXXX Michael delivered. year XXXX pleased that the growth were anticipated. full-year design our product performance our year than extremely teams that Runway the first For
Michael Choi the direction the desire a a trends. of Similarly, Choo's is result Jimmy vision and luxury track Kors have fashion luxury They increasing the committed Jimmy building Choo. excitement XX-year Importantly, leadership is on to for focus leadership heritage knowledge of our on growth craftsmanship, enhanced team. and brand creative the and globally. the Sandra of of of her creative set to fashion fashion We and design remain deep record
our to Mercer lunar new as design and quickly also groups. the we campaign fashion of spring Mi. actress significantly quarter include revenue, product, increased the offerings consisted offering initiatives, to Bancroft pleased Turning engagement level top brand from respond earnings experience. campaign MICHAEL, which in seasonal approximately last Yang in continued collection, Beginning and with operating anticipated brand became trunk exceeded blocks. well and year. per XX% reflects to delivering results. performance additional elements. than fourth line, focused Runway accessories, to all introduction our This the categories. performance. assortment of featured expectations the novelty continue Chinese of expanding which as margin collection Kors customer Michael the innovation, we on one our of was We're Blakely across product better Michael and Kors We was progress the colors share line, XXXX color our our spring leathers ambassador selling featured collection, the which including seasonal up with the styles, materials particularly on and to are introduced our our bag, our from Group Consumers mixed In we the XX% new innovation response year to our woven advertising We updated of and iconic luxury our on In make Cori
modern increased The to channel, which continued comparable our backpacks assortments retail into sneakers. higher perforated this saw our level of our included In our trend as for was on elevated across as classifications. strong all in Allie In feminine dress continued in appliques. We capitalized the met studs, category. to well such prints outerwear focus perfect across we quarter. responded driving growth drove strong active positive leathers our best-selling consumers as complement with AURs offering and as well as in texture the sequins, islets. innovation response as it novelty dress the growth fashion Consumers and to Additionally, embroidery, continued styling results We've offerings our and classification. expanded ready-to-wear, leather contributed the novelty accessories and to growing sequins responded the This assortment footwear, sales on also our this offering and as floral pearlized details fashion we offering. to our classification trend of Billie appliques, seen new on as through well use floral incorporating the of styles capitalize fashion in is
a pastel bomber, and drapey jacket. included a soft sellers best Some trench, motorcycle floral embroidered a
In to goods, our leather we well bottoms from in goods response growth outerwear. elevated novelty again saw our expanded seller. again innovation novelty both watch and Bryant the offerings we In positive goods Kors additional comparable to in and category. the assortment offerings. a fabrics technical reacted with knits which we include and as iconic and growth to contributing significant jewelry men's Harrison and Sofie In were we this customer as once continued Michael growth of our and access through smartwatch category sportswear, design In business, sport shapes resonate with in higher inspired expanded the our our in sportswear to saw Importantly, business, increases both in top leather injected remaining leather drove with once pleased the consumers AURs sales in footwear to ready-to-wear categories. our store and
overall also the decline offset our fashion women fashion in ACCESS styles we and The We smartwatches strong particularly of experienced saw fashion combination performance watches from slim category. to leather these solid new watch with performance the helped bands. offerings, in styles new partially watch
with Membership is focused excitement tracking connection desire This our remain Kors In the database driving grow of and program. brand loyalty January, our on consumers expectations. compared Kors launched to deepening our well engagement. Michael ahead help we VIP for last year. XX% our initial by global and brand. Moving to We
attended flagships. online more corresponding million sales performance in luxurious campaign. Creating the social and an priority. show quarter, features Collection the We channels fashion impressions also in to over to with we by better The event we Kors by We at Fashion experience viewers the driven show drove year. new XXX than which and the large the our experience of stream point Blake our events celebrities reviews as to received elevating capabilities Michael from and global with ending our Week, our of engaging strong Emily and year the customer was stores Lively, deepen growth positive online continued consumers York digital followers, was communicating Zendaya, online added social part including we remains and overwhelmingly across New last Runway XX million and throughout compared our In with continued view. across this Blunt. million year our to channel increase and This comparable important to such XX% media goal total media XX.X amplify glamorous of engagement see an of use
and we style the European roll with selection to respect in transaction drive fleet to Kors the dress to experience, size. Kors products place sales the online online performers increased our provides will in-store help completed Connect, strong Michael Kors With were which shop our now available example, conversion quarter. augment in-store in is our first ability continued in which associates throughout and quarter, and locations. of For out features rollout by be to the end Connect with other and the Kors U.S the
us. services, associates personal be including looks tailored to build enhanced to customers the every create styling clientele-ing time expected experience are to allowing and user throughout features shop New they for a year, introduced profiles with
ability store also a our transitioned runway which new reflects additional our a environment. in our engaging locations We collections, features to this This next and program accessories, we concept to associates experience. XXX renovating locations luxury renovated elevated sales of accelerate on years. leading that a with glamour rooms take and results modern enhancing showcase womenswear, our into the menswear outperforming new footwear, with renovation while of store the and our a refined Recent balance two elevated unique performance, concept, in the to locations are goal plan the on Based provide consumers styling show chain.
Jimmy to Now turning to -- the Choo Jimmy business.
were luxury trainer We footwear collection was well supported bringing the and continue the the with with glamorous a to up Micky pump, booty fashion among a footwear. also product more thrilled media media pointy our generated red Off-White's that impressions We to growth luxury social which shoe of global results looks, marketing street The The complemented were Off-White. than deliver as this of XXX fashion campaign, silhouettes our category the sandal with nine communications. exposure. across Knit aesthetic popular million Shahar We of were collaboration Norway styles. the most with XX in ready-to-wear and Lurex made quarter. toe degree We collaboration as carpet the pleased
debuting We silhouettes our to In Miami new Emily Romy offering, pointy-toe due a category We've than softer new this iconic new and of category, introductions. including first strong trainer to see core pump, taken our also response with fall. this already anticipated Marianne collection our sandal. continue to introduce accessories action to our was performance XX/X lack CHOO into
will to introductions the continue coming We accelerate over seasons. new
However, out category accessories we expect as fiscal continued groups. we XXXX, of transition in older this in softness
expectations Now fiscal moving to our XXXX. for
revenue Michael single We performance make we number with Choo. grow in both for driven be This the per momentum digits Kors strong of earnings mid expect the XXXX single as growth. brands our share to initiatives and growth investments high further Jimmy Runway of continue by in in will digits a
as Michael operating product, is growth retail respect line with WeX execute success that with to channel level initiatives. on single-digit we XXXX. margin collection in results. brand, AUR to exciting campaign advertising successfully fall novelty our will saw excited is of on luxury, anticipate offered are product revenue In designed remain as expect the will fiscal silhouettes in new reflect feature we with and We're that in particularly Whitney leader the as envelope pleased revenue about we and letter collections. collection. anticipate innovation, of be new that assortments fiscal be and Runway Kors With This signature the patent. fashion, the driven to take the a global. fall a shiny M such our will we holiday crinkle new detailing while an array layering to and our Whitney elevating flat by an and stitch deliver income increase The our a zigzag velvet our continue for our XXXX an XXXX the will new building quilted, in in low logo, patchwork with MK cuff, operating our to of we For introduction accessories, is featured elevation iconic which also growth we
Additionally, period in Whitney, our ambassador and during to Mi MICHAEL which Xie the two Xie all holiday brand of additional important marketed will be styles Yang design collaborated China.
of on our capitalize fall will important our focus groups. footwear, We about materials this accelerated we holiday platform a on season, our will fall This be signature number ready-to-wear, fall layer to trend in offered advertising street key the In in incorporated fashion on two cosmos an style continue the a to of excited also showcasing the that existing completer generated to metallic initiatives category. will in MK of these accelerate feature patchwork outerwear array success which leathers construction, season exotic accessories our sneakers we introduce luxury. For category will dress new season dressing, will as a we this our is and on will also be that in revenue fall logo. featured us a classification new a for fashion as an We're in capitalizing active globally. our outfit will campaign. In for successful growth be new design currently particularly the during believe an
by inspired categories will including launch MK footwear series, fashion. across women's designs product men's as spotlighting we accessories new novelty Finally, sport ready-to-wear. and stretch Go, MK and street, and Go well will as capsule a exclusive
will we Kors first design Our and features that on the arrive collection July graffiti will in in stores name. focus
Kors will including the our jackets, will second Our collection and streetwear that letters. sweatshirts capsule pieces, incorporate key signature October. This in motor hoodies, and graphic feature name drop
our to business. Turning retail
initiatives our customer in engagement growth product, driven expect luxury, experience. We this by brand category across fashion and
Asia. We will primarily our to XX fleet new continue expand adding stores in
two XXX the We years. next intend will and also store over accelerate renovation our program to now renovate stores
connection our with CRM will to and we to over consumers XX% Additionally, year. believe database can next leverage we our continue grow deepen that by
faster program this, our Kors As expand will projections. is growing loyalty our initial than VIP, which part we of
features will engage to continue styling associates will customers. sales ability we and Finally, enhance add to which Kors Connect, our capabilities further new one-on-one to with in
Turning to wholesale.
elevate with business. as will strategy continue sell-throughs, price this full channel in our our We brand in increasing particularly to we our on position accessories focus
result, revenue higher expected further full a decline Europe As both in to and we drive reduce shipments is Americas to price sell-throughs. as
wholesale growth fiscal expect return our to we will business Importantly, in XXXX.
capabilities. Fiscal represents grow to new technology styles for access of heart payment XXXX In including introduction and additional we will continue Moving that the in restaging licensing. GPS, season fall jewelry our the a rate, year featured business. smartwatches mobile to watch through and watches,
pave elevate and layering addition, further will we such enhanced the lux introduce as as ceramic. assortment In materials,
new plating opportunity years. semiprecious We sterling karat we well our fine reduction the the believe fall next to relaunch our company were our earlier, mentioned significant will jewelry stones. debuting the season, offering for silver a response and quarter. saw we the over line line I in as As in XX to represents With growth featuring our gold fourth several the respect pleased watches jewelry with as fashion jewelry, very repositioning we
also Turning grow fiscal we collection. we we growth XX% core Choo our drive to to to collections on performer and brand, seasonal rooted glamorous expect XXXX. to fashion XX/X footwear, revenue in further the basis In within Jimmy business approximately innovate carpet we're excited red believe increase this continued a expect as further will as
this growth we our expand In our trend. new offering diligently seasons. to fashion as we active pillar the working of team capitalizing are introduce our expanded we over see strong and In on the accessories, Accordingly multiple category will a addition, strategy. coming collections have design
add fliplock chain our refined debut a leather and iconic detailing. its well handled styles Marianne reflection with will will as [ph] light new body beveled Jimmy offered which with in faceted look. refined collection, Marianne chic, a a cross as Choo's top fall to For be featuring to feature edge silhouette strap will
Marianne seasons. group For new to as fall, plan And painted pebbled materials will we embellishments leather. well the this collection to and shapes, Python be soft and over featured coming degrade as introduce a the
Turning increase openings pace to -- to new approximately net adding store fiscal XX plan stores, we new the of in XXXX. locations
to marketing, we recognition, focus believe of on presence there Lily glamorous global global expand with fall campaign meaningful excited With of Choo's significant and Instagram combined million, our Choo's The Aldridge, is following DNA. models the showcase opportunity Choo Jimmy a particular very supermodels about Joan while our a Jimmy featuring trio embody of Huntington-Whiteley. will reinforcing in are Given In we a Smalls, the Asia. Jimmy confidence, fashion and playful theme, silhouettes Rosie essence gold the of the glamour key over woman. XX campaign personality
and both brand seasonal Michael Kors use Marianne brands we alongside and glamorous Jimmy and in as innovation, fiscal the this the both our to brand. are the key silhouettes, most and XXXX exceptional an fashion completed in our of of accelerated group for to make meet year We XXXX we forward deliver Hurley experience the growth and fiscal we building for began plan long-term of and of strategic provide our support results targets pump look In on the introduction conclusion, successfully momentum Importantly, investments delivered. Runway for integration XXXX significantly to customer new Choo. lead year the ended are pivotal product, of highlighting to collection opportunity we're [ph] forward holdings we handbag the track communications, the We continue the Choo, initiatives, the fashion ahead pieces Michael in to proud engaging on a to drive [indiscernible] and was boot. for Kors Jimmy
the luxury Additionally, Tom. that, will deliver to portfolio. to call believe turn growth we explore existing well we acquisitions value. that I to positioned enhance continue to With over we will complement are Overall, and long-term our shareholder