- Coach (COH) narrowly topped analyst expectations on EPS even as margin rates slipped in FQ2. International sales were up 4% during the quarter (+9% constant currency), led by solid results in China and Japan.
- A -4% U.S. comp was Coach's best mark in over two years.
- The company expects Coach brand revenue to increase at a low single-digit pace in FY16 on a constant currency basis. Coach brand operating margin in seen falling in the mid-to-high teens range.
- Previously: Coach beats by $0.01, misses on revenue (Jan. 26 2016)
- Coach +3.89% premarket to $31.50.