Michael Kors Shares Stumble as Company's Gross Margins Fray

Now watching

Next video starts in : 7 Play

Michael Kors Shares Stumble as Company's Gross Margins Fray

Michael Kors Shares Stumble as Company's Gross Margins Fray
Replay video
Up next

Sin City Saints Episode 1: The Fool Monty

Unlock your personal NFL Now stream by signing in to NFL.com

Michael Kors Shares Stumble as Company's Gross Margins Fray

by TheStreet.com Videos 1:00 mins

Michael Kors Shares Stumble as Company's Gross Margins Fray

by TheStreet.com Videos 1:00 mins

Shares of Michael Kors stumbled on Thursday making it TheStreet's Move of the Day. The company known for women's and men's fashion apparel reported 2014 fiscal-fourth quarter earnings the beat Wall Street expectations on sales and earnings per share, but the company disappointed investors when it revealed gross margin declined to 59.9% from 60.1% the same time a year ago. When asked on the earnings call what Kors forecasts for its full year margins, CEO John Idol responded: "We will be having some normalization, we believe, and hence the slight decrease despite the positive trends that I've talked about, in particular the growth of Europe, and then that's going to be consistent with the full year."

Must Watch

Must Watch

  1. 22:03

    Sin City Saints Episode 1: The Fool Monty

  2. 23:15

    Sin City Saints Episode 2: Smoke and Mirrors

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 1:23

    Ed Sheeran Surprises Couple and Becomes the Best Wedding Singer of All Time

  5. 2:12

    Rave of Thrones Preview with Kristian Nairn - Tune in 3/26 on #YahooLive

  6. 0:56

    Does Josh Groban Listen to Josh Groban in Romantic Settings?

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 0:29

    Watch a Sneak Peek of Community Episode 4

  5. 2:01

    Sin City Saints: Official Trailer

Yahoo Studios

  1. 2:21

    Tyrese Discovers That He and Paul Walker Share the Exact Same Taste in Women

  2. 4:45

    Cancer’s Most Controversial Surgery

  3. 4:45

    Cancer’s Most Controversial Surgery

  4. 1:30

    14 Times Wrestlers Showed Up in Movies

  5. 0:56

    Does Josh Groban Listen to Josh Groban in Romantic Settings?

  6. 15:49

    Market shake-up, Taylor Swift on greatest leaders list, Charlie Munger says life stinks