Company Earnings Update 3 minutesRegister for Free AccessCoach (COH) Fiscal 4Q17 Results: Weak Quarter, Sales Miss Expectations Coresight Research August 16, 2017 Executive Summary Coach reported fiscal 4Q17 adjusted EPS of $0.50, beating the consensus estimate by a penny and up from $0.45 in the year-ago quarter. Revenues were $1.13 billion, down slightly from $1.15 billion in the year-ago period and below the consensus estimate of $1.15 billion. Net sales for the Stuart Weitzman brand totaled $88 million, up 4.7% year over year. Excluding the additional week in FY16, net sales increased by 15% on a reported basis. The brand reported high SG&A costs year over year, reflecting an increase in store occupancy costs and the company’s strategic investments in its team and infrastructure. Coach expects revenues for FY18 to increase by about 30% versus FY17 due to $1.2 billion in additional revenue from the acquired Kate Spade brand and low-single-digit organic growth. The company expects EPS of $2.35–$2.40, which represents an increase of approximately 10%–12% for the year and includes low-to mid-single-digit accretion from the acquisition of Kate Spade. 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: Retail Challenges Boost Edge Technology Investment: Research PreviewInnovator Profile: Rentle Onboards Retailers to the Rental MarketUS CPG Sales Tracker: Nonfood CPG Rebounds, with E-Commerce and In-Store Growth AcceleratingLuxury Retailing: Home and Away—Three Learnings for Growth Across Global Markets