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For the fiscal second quarter ended Sept. 27, Kors said net revenue surged forty two % to $207 million, or $1 a share, from $one hundred forty five.eight million, or seventy one cents, a year earlier. The disappointing outcomes “reinforce our warning on Kors, as our subject research has pointed to softening traffic and better year-over-year markdowns throughout the North American retail channel,” stated BMO analyst John Morris. “Whereas we consider Kors has stable momentum in Europe, this might not be sufficient to offset the deceleration in North America.”
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