UPDATE: Coach Posts Lower Q2 Profit
Coach (NYSE: COH) reported a rise in its fiscal second-quarter net profit.
Coach's quarterly profit surged to $352.8 million, or $1.23 per share, versus $347.5 million, or $1.18 per share, in the year-ago period.
Its sales climbed 4% to $1.5 billion from $1.45 billion. On a constant-currency basis, Coach's sales surged 5%.
Coach shares tumbled 11.59% to $53.65 in pre-market trading.
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