By  on May 31, 2017
Spring bags from Michael Kors featured in The Walk campaign.

Michael Kors Holdings Ltd. posted a loss and saw sales decline by 11.3 percent in the fourth quarter, but managed to beat Wall Street's estimates.

For the three months ended April 1, the net loss was $26.8 million, or 17 cents a diluted share, against net income of $177 million, or 98 cents, a year ago. Excluding certain charges, adjusted diluted EPS for both quarters were 73 cents versus $1.02 a year ago.

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