People can’t seem to get enough of Michael Kors Holdings, a luxury lifestyle brand. KORS posted an 80.3% increase in net sales for the recent quarter and 71 new stores. Wholesale net sales increased 45.5% and royalty revenues are up 26.9% from a year ago. Management put the Q1 EPS between 18 and 20 cents, above analysts’ expectations of 16 cents. Q1 revenue came in between $360-370 million, far beyond analysts’ expectations of $322 million. Profit increases to $43.6 million, or 22 cents a share, from the previous quarter’s $13.6 million, or 10 cents a share. The fourth quarter diluted EPS increased 120% to 22 cents. KORS CEO and Chairman said, “We are pleased with our results for the quarter and the year, as we experienced strong growth in both total revenue and net income. This year we continued executing our key growth strategies, resulting in a 58.3% and 62.1% increase in total revenues for the quarter and year, respectively.”

KORS’ fiscal 2013 earnings expectations are great too. The EPS are expected to be between $1.08 and $1.12. Total revenue is expected to be around $1.7 and $1.8 billion. Analysts expect the full year earnings to be 98 cents on revenues of $1.69 billion.

David Cornes holds a degree in Economics from the University of Montana.