Michael Kors beats the analysts estimates. What now? Have you ever heard or read this part of their conference call:Income from operations was $409.3 million, or 29.3% of total revenue as compared to 31.8% of total revenue in the same period last year. Retail operating margin declined 340 basis points, due to the decline of Retail gross margins as discussed earlier and a 30 basis point increase in operating expenses attributed to higher store-related costs and depreciation expense, largely offset by lower distribution and general expenses. I wish you did, otherwise you can lose lots of money on this one. Don't be so naive, Kors is traded since 2012, went up to almost $100 a few years ago and then dropped down to less then $40. Do you think that the company with declining margins can be a good growth stock? I don't think so.