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SG was higher in the quarter by $15.3 million, but as I stated earlier, this includes $7.5 million in onetime costs. So our adjusted SG was up by $7.8 million or 3.6%. Again, this figure was in line with internal plans. The higher SG was primarily driven by employee related costs.So this brings us to operating income, which on an adjusted cheap Michael Kors Perforated Chain Large Yellow Totes basis was down by $5 million.
cheap Michael Kors Chelsea Two-Tone Large Black Totes Again, this was the result of expected decreases in tux rental margin for the quarter. Otherwise, earnings on our retail clothing and other businesses were about flat to last year.Now to bridge this to EPS, we had higher interest expense this year due to the $100 million term loan that we drew down at the beginning of this quarter and we also had a higher tax rate by approximately 2.4%. These 2 items had a negative impact on EPS of about $0.04. These effects were more than offset by the impact of our share repurchases, which had a favorable impact on
cheap Michael Kors Striped Lock Large Brown Totes EPS of about $0.05. So the net impact of these items, along with our lower operating income is a $0.05 decrease in EPS compared
cheap Michael Kors Soft Leather Medium Orange Totes to last year.Our balance sheet remains strong. Our cheap Michael Kors Miranda Pebbled Large Green Totes cash balance has grown from $32 million at the end of Q2 to $65 million at the end of Q3. Inventory is well controlled with a 2.6% overall increase from last year. And you can also see an incre
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