In the following video, Motley Fool consumer goods analyst Blake Bos takes a look at Michael Kors' (CPRI -7.29%) earnings report, which came out this morning. The company beat both in revenue and earnings per share by a wide margin, with comparable same-store sales up more than 40%; shares were up 10% on the news. Blake tells us how a lot of that growth came from the company's sales of leather goods and handbags, which should be worrying news for Coach (TPR -4.00%).