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$KORS 1Q16 Call: SG&A expenses increased 17.9% to $313.5MM. As a percent of total revenue, SG&A expenses were 31.8% vs. 28.9% in 1Q15. D&A expense increased 43.3% to $41.6MM. Income from operations was $248.6MM or 25.2% of total revenue as compared to 30.1% of total revenue in 1Q15.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?