Want to join the conversation?
As a percent of total revenue, $KORS' total OpEx increased 250 BP to 34.6%. This was below the 440-490 BP of deleverage in the guidance as sales exceeded the company's expectations, and depreciation expense and SG&A were somewhat lower than anticipated. SG&A expenses increased 13% to $345.2MM.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.