Michael Kors Sales, Revenue and Store Statistics

Michael Kors was founded in 1981 by designer Michael Kors and has become a renowned global fashion brand, offering a mix of luxury and accessible styles, including ready-to-wear, handbags, footwear, and accessories.

Since its inception, Michael Kors has expanded from a single boutique to over 769 stores worldwide in 2024, with a strong presence in the Americas, Europe, and Asia.

From annual revenue and profits to global store count and regional expansion, here’s a breakdown of everything you’ll find out about on this page:

Key Michael Kors Stats

Founded in 1981, Michael Kors has expanded from a single collection to 769 retail stores worldwide by 2024, down from a peak of 1,271 in 2020.
Revenue in the Americas rose 462.3% from $497.3 million in 2010 to $2.80 billion in 2024.
Asia revenue grew from $0 in 2010 to $433 million in 2024, a remarkable expansion into the region.
Royalty and licensing revenue rose 784.8% from $16.5 million in 2008 to $145.8 million in 2017.
From 2012 to 2017, the number of stores in Asia jumped from 50 to 228, a 356% increase.

Michael Kors Net Sales, Royalty & Licensing Revenue

In 2017, Michael Kors earned $4.35 billion in net sales and $145.8 million in royalty and licensing revenue.

From 2008 to 2017, net sales grew by 1,370%, while royalty and licensing revenue rose 783%.

Year	Net Sales (USD)	Royalty & Licensing Revenue (USD)
2008	$296.176 million	$16.479 million
2009	$377.058 million	$20.016 million
2010	$483.452 million	$24.647 million
2011	$757.800 million	$45.539 million
2012	$1.237 billion	$65.154 million
2013	$2.0947 billion	$87.000 million
2014	$3.1705 billion	$140.300 million
2015	$4.1997 billion	$171.800 million
2016	$4.5388 billion	$173.300 million
2017	$4.3479 billion	$145.800 million

Michael Kors Total Revenue

In 2024, Michael Kors reported $3.52 billion in total revenue, a 25.3% decrease from its 2016 peak of $4.71 billion.

Revenue peaked in 2016 at $4.71 billion, representing a 1,407% increase from $312.66 million in 2008.

Year	Total Revenue
2008	$312.655 million
2009	$397.074 million
2010	$508.099 million
2011	$803.339 million
2012	$1.302254 billion
2013	$2.1817 billion
2014	$3.3108 billion
2015	$4.3715 billion
2016	$4.7121 billion
2017	$4.4937 billion
2018	$4.496 billion
2019	$4.511 billion
2020	$4.153 billion
2021	$2.924 billion
2022	$3.953 billion
2023	$3.880 billion
2024	$3.522 billion

Michael Kors Cost of Goods Sold

In 2017, Michael Kors generated $4.49 billion in total revenue with a COGS of $1.83 billion, meaning 40.8% of revenue went toward producing goods.
Back in 2008, COGS made up 53.1% of total revenue, showing how gross margins improved significantly as the company scaled.

Year	Cost of Goods Sold (USD)
2008	$165.947 million
2009	$208.283 million
2010	$241.365 million
2011	$357.274 million
2012	$549.158 million
2013	$875.100 million
2014	$1.2948 billion
2015	$1.7238 billion
2016	$1.9149 billion
2017	$1.8323 billion

Michael Kors Annual Revenue By Region

From 2010 to 2024, Michael Kors’ Asia revenue grew from $0 to $433 million, marking a massive expansion into the region.
EMEA revenue jumped from $10.8 million in 2010 to a peak of $990.3 million in 2016, before settling at $791 million in 2024, still a 7,224% increase from its 2010 base.
Meanwhile, The Americas peaked in 2016 at $3.51 billion, but have since declined to $2.298 billion in 2024, a 34.5% drop from the peak.

Year	The Americas	EMEA	Asia
2010	$497.3 million	$10.8 million	$0
2011	$763.8 million	$38.5 million	$1.0 million (Japan)
2012	$1.18 billion	$108.8 million	$10.2 million (Japan)
2013	$1.94 billion	$220.7 million	$22.4 million (Japan)
2014	$2.77 billion	$500.5 million	$38.5 million (Japan)
2015	$3.42 billion	$884.7 million	$67.9 million
2016	$3.51 billion	$990.3 million	$215.2 million
2017	$3.14 billion	$943.9 million	$409.1 million
2018	$2.996 billion	$970 million	$530 million
2019	$3.064 billion	$892 million	$555 million
2020	$2.822 billion	$821 million	$510 million
2021	$1.869 billion	$607 million	$448 million
2022	$2.627 billion	$835 million	$491 million
2023	$2.616 billion	$819 million	$445 million
2024	$2.298 billion	$791 million	$433 million

Michael Kors Income from Operations (Profit Before Tax)

From 2013 to 2024, Michael Kors’ Income from Operations decreased from $1.257 billion to $634 million, a 49.5% decline over the years.

For the year 2024, Michael Kors had an operating margin of 17.9%.

Year	Income from Operations
2013	$630.0 million
2014	$1.0082 billion
2015	$1.2570 billion
2016	$1.1751 billion
2017	$689.9 million
2018	$975.0 million
2019	$964.0 million
2020	$850.0 million
2021	$595.0 million
2022	$1.005 billion
2023	$868.0 million
2024	$634.0 million

In 2017, Michael Kors’ operating income was reported as $689.9 million in the 2017 10-K. However, Capri Holdings’ 2019 report listed the operating income as $979 million, reflecting adjustments like impairments and corporate-level expenses that were excluded from the segment’s reporting starting in 2017.

Number Of Stores Worldwide

From 2008 to 2024, Michael Kors expanded its store count significantly, growing from 48 stores in 2008 to 769 stores in 2024, marking an over 1,500% increase in global store presence. However, this is down from their peak of 1,271 stores in 2020 and 2022, representing a 39.6% decrease from their highest point.

Year	Total Stores
2008	48
2009	74
2010	106
2011	166
2012	237
2013	304
2014	405
2015	526
2016	668
2017	827
2018	1,011
2019	1,249
2020	1,271
2021	1,257
2022	1,271
2023	812
2024	769

Number Of Stores By Region

From 2017 to 2024, Michael Kors’ store count in the Americas dropped by 26.4%, from a peak of 398 stores down to 293.

EMEA stores decreased by 22.6%, from 201 stores in 2017 to 156 in 2024. Meanwhile, Asia stores remained stable at 320 stores, up from 228 stores in 2017.

Starting from 2019, Capri holdings began reporting Europe under the broader regional label EMEA (Europe, Middle East, and Africa). Which is why it says “Europe / EMEA”