Michael Kors france
Uncategorized / octubre 26, 2017

dollars. Excluding the currency and sales volume increase impact, operating expense increases were mainly driven by increases in (i) personnel and other related costs associated with the Company’s new business initiatives, (ii) depreciation and amortization expense and (iii) professional fees. Cost associated with new business initiatives primarily relate to the Company’s Swiss watch and mass market product offerings. Depreciation and amortization expense increases are related to the Company’s SAP software implementation, as well as other capital additions made in 2003. Increases in professional fees were primarily related to consulting cost associated with the Company’s U.S.Michael Kors france based SAP system, that was implemented in July 2003, and accounting and legal fees incurred in connection with the Company’s European reorganization project. Advertising expense decreased approximately $800,000 in the First Quarter as a result of certain new product launch costs incurred during the prior year quarter. Michael Kors france Gross profit increased by approximately $18 million, or 21%, during the First Quarter as a result of strong sales gains combined with improvements in gross profit margin. This increase in gross profit more than offset increased operating expenses, resulting in the Company’s First Quarter operating profit margin to increase by 160 basis points…