Michael Kors tanks after missing on sales and seeing comparable sales down in low-single digits (KORS)

Michael Kors tanks after missing on sales and seeing comparable sales down in low-single digits (KORS)

Michael Kors beat on profits but missed on sales. Its same-store sales dropped 2.1%, mostly due to a decline in the European market. The company boosted its earnings guidance but said it expects its full-year same-store sales to decline in the low-single digi…

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