Coach Walks A Tightrope
By Zacks Investment Research:
Being a leading American marketer of fine accessories and gifts, Coach Inc. (COH) boasts a proven strategy of investing in stores to enhance sales productivity through product innovation, compelling pricing strategy, new merchandise assortments and a cost-effective global sourcing model. This strategy should drive comparable-store sales and operating margins in the long term. Management remains confident of sustaining a double-digit growth momentum in both the top and bottom lines, after posting better-than-expected first-quarter 2012 results on the back of healthy sales in North America and China. The quarterly earnings of 73 cents per share beat the Zacks Consensus Estimate of 70 cents and jumped 15.9% from 63 cents in the prior-year quarter, buoyed by strong top-line growthComplete Story »
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