Exhibit 99.1

Michael Kors Holdings Limited Announces Third Quarter Fiscal 2015 Results

Third Quarter Total Revenue Increased 29.9%; Comparable Store Sales Increased 8.6%

Third Quarter Reported Diluted EPS increased 33.3% to $1.48

London — February 5, 2015 — Michael Kors Holdings Limited (NYSE:KORS) (the “Company”), a global luxury lifestyle brand, today announced its financial results for the third quarter ended December 27, 2014.

For the third quarter ended December 27, 2014:

• Total revenue increased 29.9% to $1.3 billion from $1.0 billion in the third quarter of fiscal 2014. On a constant currency basis, total revenue increased 32.6%.

• Retail net sales increased 37.0% to $689.4 million driven by 114 net new store openings since the end of the third quarter of fiscal 2014, e-commerce sales from the recently launched U.S. e-commerce site and an 8.6% increase in comparable store sales. On a constant currency basis, retail net sales grew 40.5%, and comparable store sales increased 10.9%. Wholesale net sales increased 24.4% to $573.8 million and on a constant currency basis, wholesale net sales grew 26.4%. Licensing revenue increased 8.6% to $51.5 million.

• Revenue in North America increased 22.6% to $1.1 billion, with a 6.0% increase in comparable store sales. On a constant currency basis, revenue in North America grew 23.1%, with a 6.8% increase in comparable store sales. European revenue grew 72.1% to $241.4 million, with comparable store sales increasing 21.2%. On a constant currency basis, revenue in Europe grew 86.3%, with a 29.9% increase in comparable store sales. Revenue in Japan increased 72.1% to $16.0 million, with comparable store sales growth of 35.4%. On a constant currency basis, revenue in Japan grew 96.3%, with a 54.4% increase in comparable store sales.

• Gross profit increased 29.2% to $800.1 million, and as a percentage of total revenue was 60.9% compared to 61.2% in the third quarter of fiscal 2014.

• Income from operations was $418.5 million, or 31.8% as a percentage of total revenue, as compared to $343.2 million, or 33.9% as a percentage of total revenue, for the third quarter of fiscal 2014.

• Net income was $303.7 million, or $1.48 per diluted share, based on a 27.2% tax rate and 205.6 million weighted average diluted shares outstanding. Net income for the third quarter of fiscal 2014 was $229.6 million, or $1.11 per diluted share, based on a 33.1% tax rate and 206.1 million weighted average diluted shares outstanding.

• At December 27, 2014, the Company operated 509 retail stores, including concessions, compared to 395 retail stores, including concessions, at the end of the same prior-year period. The Company had 194 additional retail stores, including concessions, operated through licensing partners. Including licensed locations, there were 703 Michael Kors stores worldwide at the end of the third quarter of fiscal 2015.

John D. Idol, the Company’s Chairman and Chief Executive Officer, said, “Our third quarter marked the 13^th consecutive period of growth in revenue, comparable store sales and earnings, since our initial public offering. We had a strong holiday season, with comparable stores sales performance led by double digit growth in our accessories category, both in our retail and wholesale channels. We also saw continued momentum across our operating segments and geographies driven by our compelling fashion product offering and jet-set luxury experience that resonated well with customers. In addition, we continued to advance on our multiple growth strategies and in particular, we saw exceptional

performance from our recently launched Company-owned U.S. e-commerce site, which exceeded our expectations. E-commerce sales increased 73% in the quarter, as compared to sales at the previous outsourced site. Had we included e-commerce in our comparable store base, North America comparable store sales results would have been 380 basis points higher, which we believe is a more accurate reflection of our performance. It is clear that Michael Kors remains a leader within the global fashion luxury market and our brand continues to resonate with consumers around the world. Overall, we see continued momentum in our business, remain confident in our long-term potential and are committed to enhancing value for our shareholders.”

For the first nine months ended December 27, 2014:

• Total revenue for the first nine months increased 37.5% to $3.3 billion from $2.4 billion in the same period of fiscal 2014. On a constant currency basis, total revenue increased 38.6%.

• Retail net sales increased 40.6% to $1.7 billion. Comparable store sales increased 15.4%. On a constant currency basis, retail net sales grew 42.1%, and comparable store sales increased 16.2%. Wholesale net sales increased 35.4% to $1.5 billion and on a constant currency basis, wholesale net sales grew 36.1%. Licensing revenue increased 24.4% to $130.6 million.

• Gross profit for the first nine months increased 37.5% to $2.0 billion, and as a percentage of total revenue was 61.3%, flat as compared to the same period of fiscal 2014.

• Income from operations for the first nine months was $1.0 billion and as a percentage of total revenue was 30.4%. For the same period of fiscal 2014, income from operations was $762.3 million, or 31.8% as a percentage of total revenue.

• Net income for the first nine months was $698.4 million, or $3.38 per diluted share, based on 206.8 million weighted average diluted shares outstanding. Net income for the same period of fiscal 2014 was $500.4 million, or $2.44 per diluted share, based on 205.2 million weighted average diluted shares outstanding.

Share Repurchase Program

During the quarter, the Company repurchased 5,068,813 shares of the Company’s ordinary shares for approximately $399.9 million.

Joseph B. Parsons, Executive Vice President, Chief Financial Officer, Chief Operating Officer and Treasurer, stated, “We are pleased to have repurchased approximately 5.1 million shares this quarter. This action demonstrates the Board and management’s confidence in our ability to generate strong free cash flow and to achieve our long term growth objectives.”

Outlook

For the fourth quarter of fiscal 2015, the Company expects total revenue to be in the range of $1.05 billion to $1.08 billion. This assumes a comparable store sales increase of mid-single digits on a reported basis and an increase of high single digits on a constant currency basis. Diluted earnings per share are expected to be in the range of $0.89 to $0.92 for the fourth quarter of fiscal 2015. This assumes 203.0 million weighted average diluted shares outstanding and a tax rate of approximately 30.0%.

For fiscal 2015, the Company now expects total revenue to be approximately $4.4 billion. This assumes a comparable store sales increase of low double digits on a reported basis, and an increase of low to mid-teens on a constant currency basis. Diluted earnings per share are now expected to be in the range of $4.27 to $4.30 for fiscal 2015. This assumes 205.8 million weighted average diluted shares outstanding and a tax rate of approximately 30.0%.

Conference Call Information

A conference call to discuss third quarter results is scheduled for today, February 5, 2015 at 8:00 a.m. ET. A replay of the call will be available today at 11:00 a.m. ET; to access the replay, dial 1-877-870-5176 for domestic callers or dial 1-858-384-5517 for international callers and enter access code 2052118. The conference call will also be webcast live in the investor relations section of www.michaelkors.com. The webcast will be accessible on the website for approximately 90 days after the call.

About Michael Kors

Michael Kors is a world-renowned, award-winning designer of luxury accessories and ready to wear. His namesake company, established in 1981, currently produces a range of products through his Michael Kors and MICHAEL Michael Kors labels, including accessories, footwear, watches, jewelry, men’s and women’s ready to wear, and a full line of fragrance products. Michael Kors stores are operated, either directly or through licensing partners, in some of the most prestigious cities in the world, including New York, Beverly Hills, Chicago, London, Milan, Paris, Munich, Istanbul, Dubai, Seoul, Tokyo and Hong Kong.

Forward Looking Statements

This press release contains forward-looking statements. You should not place undue reliance on such statements because they are subject to numerous uncertainties and factors relating to the Company’s operations and business environment, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements include information concerning the Company’s possible or assumed future results of operations, including descriptions of its business strategy. These statements often include words such as “may,” “will,” “should,” “believe,” “expect,” “seek,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. The forward-looking statements contained in this press release are based on assumptions that the Company has made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors that it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although the Company believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect its actual financial results or results of operations and could cause actual results to differ materially from those in these forward-looking statements. These factors are more fully discussed in the “Risk Factors” section and elsewhere in the Company’s Annual Report on Form 10-K for the fiscal year ended March 29, 2014 (File No. 001-35368), filed on May 28, 2014 with the U.S. Securities and Exchange Commission.

CONTACTS:

Investor Relations:

Michael Kors Holdings Limited

Krystyna Lack - VP, Treasurer

201-691-6133

InvestorRelations@MichaelKors.com

Or

ICR, Inc.

Jean Fontana

203-682-1214

jean.fontana@icrinc.com

Media:

ICR, Inc.

Alecia Pulman

646-277-1231

KorsPR@icrinc.com

SCHEDULE 1

MICHAEL KORS HOLDINGS LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(In thousands, except share and per share data)

(Unaudited)

	Three Months Ended						Nine Months Ended
	December 27, 2014			December 28, 2013			December 27, 2014			December 28, 2013
Net sales	$	1,263,226		$	964,787		$	3,159,932		$	2,288,479
Licensing revenue		51,500			47,442			130,553			104,912
Total revenue		1,314,726			1,012,229			3,290,485			2,393,391
Cost of goods sold		514,583			392,731			1,273,682			926,747
Gross profit		800,143			619,498			2,016,803			1,466,644
Total operating expenses		381,666			276,258			1,015,997			704,382
Income from operations		418,477			343,240			1,000,806			762,262
Other expense (income)		150			—			(1,396	)		—
Interest expense, net		116			109			147			409
Foreign currency loss		1,201			3			4,946			279
Income before provision for income taxes		417,010			343,128			997,109			761,574
Provision for income taxes		113,335			113,485			298,728			261,127
Net income	$	303,675		$	229,643		$	698,381		$	500,447
Weighted average ordinary shares outstanding:
Basic		202,668,541			203,175,380			203,627,688			202,314,813
Diluted		205,647,816			206,088,062			206,752,103			205,192,959
Net income per ordinary share:
Basic	$	1.50		$	1.13		$	3.43		$	2.47
Diluted	$	1.48		$	1.11		$	3.38		$	2.44
Statements of Comprehensive Income:
Net income	$	303,675		$	229,643		$	698,381		$	500,447
Foreign currency translation adjustments		(22,220	)		(1,745	)		(46,824	)		3,228
Net realized and unrealized gains (losses) on derivatives		2,769			(496	)		13,327			(3,709	)
Comprehensive income	$	284,224		$	227,402		$	664,884		$	499,966

SCHEDULE 2

MICHAEL KORS HOLDINGS LIMITED AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

(Unaudited)

	December 27, 2014			March 29, 2014			December 28, 2013
Assets
Current assets
Cash and cash equivalents	$	949,846		$	955,145		$	828,341
Receivables, net		364,070			314,055			292,812
Inventories		537,501			426,938			431,564
Deferred tax assets		21,555			30,539			10,790
Prepaid expenses and other current assets		110,347			50,492			36,722
Total current assets		1,983,319			1,777,169			1,600,229
Property and equipment, net		532,304			350,678			321,542
Intangible assets, net		63,644			48,034			42,098
Goodwill		14,005			14,005			14,005
Deferred tax assets		3,740			3,662			9,633
Other assets		33,576			23,425			19,456
Total assets	$	2,630,588		$	2,216,973		$	2,006,963
Liabilities and Shareholders’ Equity
Current liabilities
Accounts payable	$	175,197		$	131,953		$	145,363
Accrued payroll and payroll related expenses		50,642			54,703			42,416
Accrued income taxes		29,757			47,385			11,645
Accrued expenses and other current liabilities		105,726			74,329			75,829
Total current liabilities		361,322			308,370			275,253
Deferred rent		94,926			76,785			72,293
Deferred tax liabilities		145			5,887			20,014
Other long-term liabilities		22,710			19,800			15,453
Total liabilities		479,103			410,842			383,013
Commitments and contingencies
Shareholders’ equity
Ordinary shares, no par value; 650,000,000 shares authorized, and 201,029,249 shares issued and outstanding at December 27, 2014, 204,291,345 shares issued and outstanding at March 29, 2014, and 203,882,679 shares issued and outstanding at December 28, 2013		—			—			—
Treasury shares, at cost (5,139,365 shares at December 27, 2014, 29,765 at March 29, 2014, and 29,765 at December 28, 2013)		(405,702	)		(2,447	)		(2,447	)
Additional paid-in capital		610,938			527,213			503,639
Accumulated other comprehensive loss		(39,870	)		(6,373	)		(3,942	)
Retained earnings		1,986,119			1,287,738			1,126,700
Total shareholders’ equity		2,151,485			1,806,131			1,623,950
Total liabilities and shareholders’ equity	$	2,630,588		$	2,216,973		$	2,006,963

SCHEDULE 3

MICHAEL KORS HOLDINGS LIMITED AND SUBSIDIARIES

CONSOLIDATED SEGMENT DATA

(In thousands)

(Unaudited)

		Three Months Ended						Nine Months Ended
		December 27, 2014			December 28, 2013			December 27, 2014			December 28, 2013
Revenue by Segment and Region:
Retail net sales:	North America	$	551,840		$	423,724		$	1,296,398		$	993,462
	Europe		121,518			70,340			321,558			166,044
	Japan		16,030			9,316			47,253			25,119
Total Retail Net Sales			689,388			503,380			1,665,209			1,184,625
Wholesale net sales:	North America		476,239			397,599			1,203,960			940,222
	Europe		97,599			63,808			290,763			163,632
Total Wholesale Net Sales			573,838			461,407			1,494,723			1,103,854
Licensing revenue:	North America		29,202			41,296			78,038			98,766
	Europe		22,298			6,146			52,515			6,146
Total Licensing Revenue			51,500			47,442			130,553			104,912
Total Revenue		$	1,314,726		$	1,012,229		$	3,290,485		$	2,393,391
Income from Operations:
Retail		$	214,928		$	171,281		$	484,951		$	377,528
Wholesale			170,487			140,685			444,811			320,262
Licensing			33,062			31,274			71,044			64,472
Total Income from Operations		$	418,477		$	343,240		$	1,000,806		$	762,262
Operating Margin:
Retail			31.2	%		34.0	%		29.1	%		31.9	%
Wholesale			29.7	%		30.5	%		29.8	%		29.0	%
Licensing			64.2	%		65.9	%		54.4	%		61.5	%
Total Operating Margin			31.8	%		33.9	%		30.4	%		31.8	%

	As of
	December 27, 2014				December 28, 2013
Store Count and Square Footage by Region:	Store Count		Square Footage		Store Count		Square Footage
North America		337		941,115		284		725,034
Europe		125		300,429		76		150,162
Japan		47		60,125		35		42,785
Total		509		1,301,669		395		917,981

SCHEDULE 4

MICHAEL KORS HOLDINGS LIMITED AND SUBSIDIARIES

CONSTANT CURRENCY DATA

(In thousands)

(Unaudited)

Segment Data

	Three Months Ended				% Change
	December 27, 2014		December 28, 2013		As Reported			Constant Currency
Retail net sales	$	689,388	$	503,380		37.0	%		40.5	%
Wholesale net sales		573,838		461,407		24.4	%		26.4	%
Licensing revenue		51,500		47,442		8.6	%		8.6	%
Total revenue	$	1,314,726	$	1,012,229		29.9	%		32.6	%

	Nine Months Ended				% Change
	December 27, 2014		December 28, 2013		As Reported			Constant Currency
Retail net sales	$	1,665,209	$	1,184,625		40.6	%		42.1	%
Wholesale net sales		1,494,723		1,103,854		35.4	%		36.1	%
Licensing revenue		130,553		104,912		24.4	%		24.4	%
Total revenue	$	3,290,485	$	2,393,391		37.5	%		38.6	%

Comparable Store Sales Data

	Three Months Ended						Nine Months Ended
	December 27, 2014			December 28, 2013			December 27, 2014			December 28, 2013
	As Reported			Constant Currency			As Reported			Constant Currency
North America		6.0	%		6.8	%		11.1	%		11.8	%
Europe		21.2	%		29.9	%		36.8	%		36.5	%
Japan		35.4	%		54.4	%		45.3	%		56.1	%
Global		8.6	%		10.9	%		15.4	%		16.2	%