Sales at the company, formed and owned by fashion designer Michael Kors, have risen at a blistering pace since it went public in 2011, underlining shoppers’ appetite for luxury items even in a tough economy.
Kors, which has been taking market share from larger rival Coach, reported a 70 per cent jump in third-quarter sales.
The company said it gained from increased footfalls as it converted existing department store premises into branded “shop-in-shops”.
The Michael Kors brand, which was launched 30 years ago as a luxury sportswear house, is known for its leather handbags, watches and apparel that have been worn by Michelle Obama and celebrities such as Jennifer Lopez.
The company said its fourth-quarter net income more than doubled to $101.1m, or 50 cents per share, from $43.6m, or 22 cents per share, a year earlier.
Revenue at the company rose 57 per cent to $597.2m.
Sales in North America, which includes the US and Canada and makes up more than three-quarters of total sales, rose 52 per cent to $516.9m. Sales in Europe rose about 97 per cent to $73.1m.