real-time news and commentary for investors
Tuesday, Jul 30
Shares of Coach slip after results
- Shares of Coach (COH) fall 3.3% premarket after the company's revenue haul in FQ4 fell short of the estimate of analysts.
- The retailer appears to be losing traction in the U.S. with comparable store sales moving negative for 2 of the last 3 quarters and key execs bailing out.
- In North America, direct sales were flat for the quarter, indicating online channels might be under-performing.
- Analyst take: Michael Kors (KORS) and Tony Burch may have taken more market share during the quarter.