Coach (COH) Tops Q3 EPS by 1c, Comps Decline 23%
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Coach Reports Third Quarter Earnings Per Share of $0.36 Excluding Transformation Actions; $0.32 on a GAAP Basis
April 28, 2015 7:00 AM EDTNEW YORK--(BUSINESS WIRE)-- Coach, Inc. (NYSE: COH) (SEHK: 6388), a leading New York design house of modern luxury accessories and lifestyle collections, today announced sales of $929 million for its third fiscal quarter ended March 28, 2015, compared with $1.10 billion reported in the same period of the prior year, a decrease of 15%. Reported sales would have been 3% higher excluding the impact of currency. Net income for the period totaled $100 million, with earnings per diluted share of $0.36, excluding transformation-related charges. Reported net income totaled $88 million, with earnings per diluted share of $0.32.... More
