Company Earnings Update 3 minutesRegister for Free AccessCoach (COH) 2Q17 Results: Solid Quarter; Company Lowers Revenue Outlook Due to Currency Effects Coresight Research February 1, 2017 Executive Summary Coach reported fiscal 2Q17 adjusted EPS of $0.75, up from $0.68 in the year-ago quarter, beating the consensus estimate by a penny. Revenues were $1.32 billion, up 3.8% year over year and in line with the consensus estimate. Sales at Stuart Weitzman grew by 26% year over year.Net sales for the Coach brand were up 2% year over year; a strategic decision to elevate the brand’s positioning in the North American wholesale channel negatively impacted sales by 100 basis points. Due to currency effects, Coach now expects full-year revenue growth in the low single digits. The company had previously guided for revenues to increase by low-to-mid-single digits. However, the company still expects double-digit growth in both net income and EPS for the year. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: March 2024 US Retail Sales: Growth Moderates But Remains Solid; General Merchandise Stores ReboundOctober 2023 US Retail Sales: Health and Personal Care Stores and Nonstore Retailers Continue To Lead Retail Sales GrowthUsing the Coresight Research 3x3x3 Framework To Navigate a “Chutes and Ladders” Economy: Insights Presented at Golden Seeds 2023 Annual SummitApril 2023 US Retail Traffic and In-Store Metrics: Store-Based Sales Decline as Units Remain Negative
