- Coach (COH) reports sales fell during its FQ2 as it experienced weakness in its women bags and accessories business in North America.
- Revenue breakdown: North America -9% to $983M; International +2% to $425M.
- The retailer saw strong growth in China during the period with comparable sales growing at a double-digit clip during the period.
- Gross margin as a percentage of sales fell 300 bps to 69.2% in FQ2.
- COH -7.7% premarket
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