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Michael Kors' profit, sales outlook disappoints

2015-05-27 15:11:24| Apparel - Topix.net

Michael Kors Holdings Ltd. said its earnings grew 13% in its latest quarter, helped by new store openings and a lower tax rate, but the retailer warned that current-quarter results would fall short of expectations. Chief Executive John Idol said the company faced a number of headwinds in the period, including a stronger dollar, which is expected to persist.

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