Want to join the conversation?
JP Morgan analyst Matthew Boss questions $KORS whether FY16 EBIT margins decline to low 20s is a trough. CFO Joseph Parsons says that EBIT margins were lower than the 23-24% range established earlier. The company says that SG&A will start to level out in FY17, and $KORS would have been in that range if it had not reduced the wholesale inventories.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!