Market Overview

UPDATE: Coach Posts Downbeat FQ2 Profit

Share:
Related COH
Barron's Recap: What's Next?
Luxury Handbag Pair Trade: Jefferies Likes Coach, Downgrades Vera Bradley
Handbags Back? Vera Bradley Stock Flies On Q2 Report (Investor's Business Daily)

Coach (NYSE: COH) reported downbeat fiscal second-quarter profit.

Coach's quarterly net income fell to $297.4 million, or $1.06 per share, versus a year-ago profit of $352.8 million, or $1.23 per share.

Its revenue declined 5.6% to $1.42 billion. However, analysts were expecting a profit of $1.11 per share on revenue of $1.48 billion.

Coach shares fell 7.52% to $48.60 in pre-market trading.

Posted-In: profitEarnings News

 

Related Articles (COH)

View Comments and Join the Discussion!

Get Benzinga's Newsletters