Coach 4Q Net Rises 3.6% On Strong North America Sales

Date : 08/02/2011 @ 8:25AM
Source : Dow Jones News
Stock : Coach, Inc. (COH)
Quote : 48.74  0.66 (1.37%) @ 4:00PM

Coach 4Q Net Rises 3.6% On Strong North America Sales

Coach (NYSE:COH)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more Coach Charts.

Coach Inc.'s (COH) fiscal fourth-quarter earnings rose 3.6% from a year-earlier quarter that included an extra week as North American sales continued to rise.

The luxury handbag, accessories and leather-goods maker has posted double-digit profit growth in recent quarters on the strength of its North American direct-to-consumer businesses and global expansion. The company is also broadening its men's business with more male-oriented products and by opening men's stores in the U.S. and Japan. But Coach had warned that the March 11 earthquake and tsunami in Japan would lower fiscal fourth-quarter sales by about $20 million and earnings by 2 to 3 cents a share.

For the quarter ended July 2, Coach reported a profit of $202.5 million, or 68 cents a share, up from $195.5 million, or 64 cents, a year earlier. The extra week added about 8 cents to last year's per-share earnings. Sales jumped 8.5% to $1.03 billion.

Analysts polled by Thomson Reuters had most recently forecast earnings of 65 cents on revenue of $1.01 billion.

Gross margin fell to 71.8% from 73.3%.

Direct-to-consumer sales increased 9%, or 18% on a comparable basis to exclude the extra week last year. Same-store sales, on a comparable basis, rose 10.1% in North America.

Same-store sales fell 2% in Japan, reflecting the stronger yen.

Shares slipped 1% to $64.65 premarket. The stock has risen 70% over the past year.

-By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Latest COH Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.