The Stock Price of Michael Kors declined 17% after it reported its fourth-quarter earnings. The sales posted by the company stood at $1.1 billion and the diluted earnings per share was reported to be $0.90 close to the estimated $0.91. CEO John stated: “While we were faced with a number of headwinds in the fourth quarter, we were pleased with the strong performance across our segments and geographies”, still confident in the strength of the brand and its ability to resonate with its customers. Read Full Article here.
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