Michael Kors on Conference Call
- Expects continued FX headwinds (Euro, Canadian dollar and yen are largest currency exposures).
- Notes investments in growth will provide pressure on Q1 margins.
- Expects FX headwinds to diminish over the course of the year.
- Rate of spend will slow in the back half of 2016; will lead to improved operating margins.
- Going forward, will report comp store sales on a global basis.