Flash Report 3 minutesRegister for Free Access

Coach (COH) 3Q16: International Division Weighs on Positive Results, Ambitious Margin Goal

Executive Summary

  • Coach reported third-quarter 2016 net sales of $1.0 billion, in line with the consensus estimate, and up 11.2% from last year’s $0.9 billion. Adjusted EPS was $0.44, including a contribution of $5 million, or $0.02 per share, from the acquired Stuart Weitzman brand.
  • The company maintained its revenue growth guidance for low-single digits for the fiscal year (on a constant currency basis) and positive North American comps for the fourth quarter. The Stuart Weitzman brand is expected to contribute $340 million in revenue and add $0.12 to earnings per share.
  • The Company also expects the operating margin for the Coach brand to reach about 20% by FY2017.

Please Login to read the full report. Not a member? Register for a free user account.