Market Overview

UPDATE: Coach Posts Downbeat FQ2 Profit

Related COH
Morgan Stanley Does Not Expect 4Q To Serve As Catalyst For Coach
UPDATE: William Blair Downgrades Michael Kors
Private Equity Firms Bulk Up Investments in Fitness (Fox Business)

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

 

Most Popular

Related Articles (COH)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free