Lucy Nieves
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Michael Kors Scores With Strong Q2, But What's The Deal With That Guidance?

Michael Kors Holdings Ltd KORS reported better-than-expected second-quarter earnings Monday, with the retailer saying it's in-line with its Runway 2020 strategic plan. 

Kors shares hit a new 52-week high of $55.01 and were trading higher by more than 13 percent Monday morning. 

The fashion brand's guidance for the fiscal third quarter is "perplexing" after a "strong" Q2, as it implies a notable comp deceleration and margin pressure, Buckingham Research Group's Scott Krasik said in a Monday note. Kors' guidance for the fiscal third quarter is "incomprehensible" and requires additional commentary, Krasik said.  Source

There is still some upside potential. But it might be over soon, so the price will try to close the gaps.