Coach, Inc. (COH) - NYSE
  • Wed, May 11, 10:04 AM
    | Wed, May 11, 10:04 AM
  • Tue, Apr. 26, 7:42 AM
    • Coach (NYSE:COH) reports sales rose 13% on a currency-neutral basis in FQ3.
    • The North American business delivered flat comparable-store sales growth to break a long streak of negative comps. A positive comp is expected in FQ4.
    • International sales were up 7% (constant currency) with both China and Japan positive.
    • Gross margin rate -260 bps to 69.0%.
    • SG&A expense rate -150 bps to 54.3%.
    • Operating margin rate -30 bps to 13.0%.
    • The company expects to reach a 20% operating margin for the Coach brand in FY17. As part of its earnings release, a number of management changes and promotions were announced.
    • COH -0.72% premarket to $39.90.
    | Tue, Apr. 26, 7:42 AM
  • Fri, Apr. 8, 10:17 AM
    • Apparel stocks are getting hammered after Gap's latest monthly sales dud creates a new ripple of worry.
    • There's a little bit of a failed feedback loop going on in the sector as teenagers/young adults skip mall visits to spend on other categories while sellers try to innovate their way out of the box. That innovation is leading to excess inventory which in turn leads to more painful discounting
    • Decliners include Lululemon (LULU -1.7%), Kate Spade (KATE -1.4%), Deckers Outdoor (DECK -2.5%), Coach (COH -1.6%), Michael Kors (KORS -2.1%), Columbia Sportswear (COLM -1.8%), Carter's (CRI -1.8%), Hanesbrands (HBI -1.3%), Ascena Retail (ASNA -3.9%), Nordstrom (JWN -3.4%), Chico's FAS (CHS -4.2%), Abercrombie & Fitch (ANF -4%), Urban Outfitters (URBN -2.6%), L Brands (LB -3%), Express (EXPR -2.4%), Guess (GES -2.9%), Tailored Brands (TLRD -1.9%) and Zumiez (ZUMZ -2.8%).
    • Now read Sell Your Apparel Stocks 
    | Fri, Apr. 8, 10:17 AM
  • Tue, Jan. 26, 3:04 PM
    • Coach (COH +10.3%) is up 10% after a penny beat over consensus Q4 earnings estimates.
    • Movado (MOV +5.1%), Kate Spade (KATE +2.9%), Michael Kors (KORS +2.9%), and Vera Bradley (VRA +1.4%) are all higher after the Coach print, although some traders are expressing caution.
    • Coach's sales growth was driven largely by the recently-acquired Stuart Weitzman brand, not handbags, and the company warned on the level of promotional activity with handbag sellers.
    • Previously: Coach beats by $0.01, misses on revenue (Jan. 26 2016)
    • Previously: Coach higher after results and guidance satisfy investors (Jan. 26 2016)
    | Tue, Jan. 26, 3:04 PM | 2 Comments
  • Tue, Jan. 26, 9:22 AM
    | Tue, Jan. 26, 9:22 AM | 5 Comments
  • Tue, Jan. 26, 8:26 AM
    • Coach (NYSE: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.
    | Tue, Jan. 26, 8:26 AM | 1 Comment
  • Dec. 15, 2015, 10:17 AM
    • Coach (COH +3.8%) rallies after Cowen and Company shifts to an Outperform rating on the stock after having it set at Market Perform.
    • The investment firm says it has greater conviction that sales growth is on track.
    • A price target of $38 is lined up on the luxury retailer by Cowen.
    | Dec. 15, 2015, 10:17 AM
  • Nov. 23, 2015, 12:29 PM
    • High-end global retail stocks are on the move as some analysts see the sector as oversold.
    • A positive step forward for trade talks between China and the U.S. may also be contributing to the mini-rally.
    • Gainers: Ralph Lauren (RL +1.8%), Guess (GES +3.3%), Coach (COH +2%), Michael Kors (KORS +1.8%), Vera Bradley (VRA +1.6%), Kate Spade (KATE +2.6%), PVH Corp (PVH +1.6%).
    | Nov. 23, 2015, 12:29 PM
  • Nov. 20, 2015, 11:47 AM
    • The S&P Retail ETF (NYSEARCA:XRT) is up 1.9% with apparel and footwear stocks doing much of the heavy lifting.
    • A vibrant rally in sports stocks was sparked by earnings reports and Nike. Iconix Brand (ICON +2.5%), G-III Apparel (GIII +3%), DSW (DSW +3.7%), Finish Line (FINL +3.1%), Caleres (CAL +2.2%), Genesco (GCO +3.5%), and Shoe Carnival (SCVL +1.7%) join the list reported on earlier.
    • Luxury names are on the move with Kate Spade (KATE +2%), Fossil (FOSL +2.9%), Coach (COH +1.4%), and Movado (MOV +2.7%) higher.
    • The beat-up mall retailer group is also recovering after results from Gap (GPS +6%) and Abercrombie & Fitch (ANF +19.4%) topped worst-case scenarios. American Eagle Outfitters (AEO +2.3%), Guess (GES +4.6%), and Pacific Sunwear (PSUN +5.4%) are notable gainers.
    • Big box retailers are the laggards today. Wal-Mart, Target (TGT +0.6%), and Costco (COST +0.6%) are right at market index averages.
    | Nov. 20, 2015, 11:47 AM | 2 Comments
  • Oct. 27, 2015, 9:43 AM
    • Coach (NYSE:COH) is up 8.3% after the company issued a Q3 report showing some improvement in key regions. The comp in North America was -9.5% vs. -19% in the last quarter.
    • Peers Michael Kors (NYSE:KORS) and Kate Spade (NYSE:KATE) are also higher in opening trades, up 2.5% and 1.0% respectively, amid a down market day.
    • Previously: Coach maintains earnings guidance (Oct. 27 2015)
    | Oct. 27, 2015, 9:43 AM | 1 Comment
  • Oct. 27, 2015, 9:17 AM
    | Oct. 27, 2015, 9:17 AM
  • Oct. 27, 2015, 7:04 AM
    • Coach (NYSE:COH) reports net sales increased 3% in FQ1 on a constant currency basis.
    • North American sales fell 11% Y/Y to $561M as comparable-store sales decreased 9.5%. International sales were down 3% to $369M (China +2%).
    • Gross profit rate -130 bps to 67.6%.
    • Operating margin rate -360 bps to 13.7%.
    • SG&A expense rate +330 bps to 51.7%.
    • Store count changes (Q/Q): North America +1 to 462, Japan +1 to 196, China +6 to 171, Asia/Other +1 to 102, Europe +1 to 34.
    • Guidance: Coach expects low-single digit revenue growth on a constant currency basis for FY16. A gross margin rate of ~70% is expected. Operating margin rate is seen in the mid-to-high teens.
    • COH +2.28% premarket to $31.00.
    | Oct. 27, 2015, 7:04 AM
  • Aug. 11, 2015, 10:00 AM
    • The currency devaluation fired off in China is hitting select consumer goods and services stocks.
    • China Southern Airlines (ZNH -18.2%) and China Eastern Airlines (CEA -17.4%) are feeling the sharpest impact.
    • Macau gaming stocks trade weaker with Melco Crown (MPEL -2.7%), Las Vegas Sands (LVS -2%), Wynn Resorts (WYNN -3.1%), and MGM Resorts (MGM -0.8%) all lower.
    • Luxury retailers are also feeling a pinch due to the F/X headache. Decliners include Tiffany (TIF -2.1%), Ralph Lauren (RL -1.3%), Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada (OTCPK:PRDSF), Hermes (OTCPK:HESAF), Fossil (FOSL -1.5%), Michael Kors (KORS -0.6%), Coach (COH -1.7%), Movado (MOV -1.8%), Kering (OTC:PPRUF), Burberry (OTCPK:BURBY), and Swatch (OTCPK:SWGAY -5.4%).
    | Aug. 11, 2015, 10:00 AM | 2 Comments
  • Aug. 7, 2015, 7:44 AM
    | Aug. 7, 2015, 7:44 AM | 3 Comments
  • Aug. 4, 2015, 9:20 AM
    | Aug. 4, 2015, 9:20 AM | 1 Comment
  • Aug. 4, 2015, 7:28 AM
    • Coach (NYSE:COH) reports operating margin fell to 12.6% from 20.4% in FQ4 as higher SG&A expenses factored in.
    • North American sales fell 20% Y/Y to $556M off weak results at department stores.
    • Gross profit rate -40 bps to 69.0%.
    • SG&A expense rate +740 bps to 56.4%.
    • International sales -5% to $392M. Sales in China were up 5%.
    • Store count changes (Q/Q): North America -16 to 462, Japan -2 to 196, China +6 to 171, Asia - Other +1 to 102, Europe +3 to 34.
    • Guidance: Coach expects low-single digit revenue growth on a constant currency basis for FY16. A gross margin rate of ~70% is expected. Operating margin rate is seen in the mid-to-high teens.
    • Previously: Coach beats by $0.02, beats on revenue
    • COH -2.0% premarket.
    | Aug. 4, 2015, 7:28 AM | 3 Comments
Company Description
Coach, Inc. engages in manufacturing of women's handbags, belts and retails custom made clothing. The company product offering uses a broad range of quality leathers, fabrics and materials. Its products include footwear; wearable such as scarves, jackets, gloves, and hats; jewelry such as... More
Industry: Textile - Apparel Footwear & Accessories
Country: United States