By  on August 4, 2014

Michael Kors Holdings Ltd. may be losing a little of its Wall Street luster.

Shares in the fashion brand fell 5.9 percent Monday even though the firm reported a 50.2 percent increase in profits on a 43.4 percent gain in sales for the first quarter ended June 28. Analysts weren’t looking at the first-quarter numbers — they were more worried about the road ahead, including a projected decline in gross margins and operating margins going forward and concerns over the firm’s North American business.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus