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.
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