Michael Kors beats, raises its revenue forecast for the rest of the year (KORS)
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Michael Kors beat on both the top and bottom lines.

The company raised its annual revenue forecast. 

(Reuters) - Fashion accessories maker Michael Kors Holdings Ltd lifted its annual revenue forecast on Monday, predicting its recent acquisition of upscale shoemaker Jimmy Choo will begin to pay off before the end of the fiscal year.

Kors also reported profit and revenue for its second fiscal quarter ahead of analysts' estimates, as it opened 56 new stores since the same period a...

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