Flash Report 3 minutesRegister for Free AccessCoach (COH) Second-Quarter FY2016 EARNINGS Review: Turnaround Yields Results Coresight Research January 27, 2016 Executive Summary Coach reported fiscal-second-quarter 2016 EPS of $0.68, excluding onetime items, versus the consensus estimate of $0.66. The period represented improvement in the company’s turnaround plan, which it began to implement several years ago. The company’s store channel improved, led by full-price stores, while outlet stores also improved, despite lower tourist traffic and a highly promotional environment. Total sales were up 4%, or up 7% on a constant-currency basis, to $1.27 billion. Coach brand sales declined by 3%, to $1.18 billion, while Stuart Weitzman sales totaled $94 million. Coach maintained its full-year revenue guidance (on a constant-currency basis) and its operating margin guidance, though it is raising its forecast for operating income based on second-quarter results for the Stuart Weitzman business. Total revenue is expected to increase in the low single digits, while operating margins are expected to be in the mid- to high teens. 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: Weinswig’s Weekly: Walmart Leans In on Automation To Boost MarginsRetailers Harness Seasonal Shifts: China Consumer TrackerApril 2023 US Retail Sales: Growth Slows Further as Momentum Weakens Across the BoardCostco Attracts Shoppers; The Travel Bug Spreads This Summer: US Consumer Survey Insights Extra