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$KORS 1Q16 Call: SG&A expenses increased 17.9% to $313.5MM. As a percent of total revenue, SG&A expenses were 31.8% vs. 28.9% in 1Q15. D&A expense increased 43.3% to $41.6MM. Income from operations was $248.6MM or 25.2% of total revenue as compared to 30.1% of total revenue in 1Q15.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.