Coach Inc Bags Higher-Than-Expected Q1 EPS and Revenue (COH)
Tue. October 20, 2009; Posted: 08:58 AM
Oct 20, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 10/20/2009 - Coach (NYSE:COH) reported Q1 EPS of $0.44, topping consensus analyst estimates of $0.39. Revenues for the quarter rose 1.2% year-over-year to $761.4 million, coming out ahead of consensus estimates of $753.8 million. Chairman and CEO Lew Frankfurt said, aEURoeWe experienced sequential improvement in our North American retail business this quarter, as the initiatives put into place earlier this year proved successful. Specifically, Coach benefited from the well received launch of the Poppy collection and other products at particularly compelling prices."
Write to Chip Brian at cbrian@tradethetrend.com
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