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Sales growth still strong at Michael Kors

  • Michael Kors (KORS) reports comparable store sales rose a sizzling 23% in Q3 as demand stayed strong although decelerated a bit from last quarter.
  • Gross profit as a percentage of total sales increased 150 bps to 60.8%.
  • Sales in North America rose 31% while in Europe sales doubled compared to a year ago. (PR)
  • KORS +1.5% premarket.
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