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COACH [COH] 1Q17 Results: EPS In-Line, Reports Double-Digit Earnings Growth

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Coresight Research

Key Points

  • Coach reported adjusted 1Q17 EPS of $0.45, in-line with the $0.44 consensus estimate and up 8.9% year over year. Revenues were $1.04 billion, up 0.7% year over year but below the consensus estimate of $1.07 billion.
  • The company highlighted positive comparable store sales in North America and strong international growth. North American brick-and-mortar comps rose by approximately 4% in the quarter, and international sales rose by 7%.
  • For fiscal year 2017, the company maintained its previous guidance; it expects revenues to increase by low- to mid-single digits, and to see double-digit growth in both net income and earnings per diluted share for the year.
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