Coach, Inc. Reports Fiscal 2016 First Quarter Results
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Coach (COH) Tops Q1 EPS by 1c; Maintains FY16 Guidance
October 27, 2015 7:04 AM EDTCoach (NYSE: COH) reported Q1 EPS of $0.41, $0.01 better than the analyst estimate of $0.40. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.04 billion.
Fiscal Year 2016 Outlook:
The Company is maintaining its FY16 outlook outlined in August. Coach brand revenues for Fiscal 2016 are expected to increase by low-single digits in constant currency on a 52-week basis. Based on current exchange rates, foreign currency will have an approximate 200 basis point negative impact on overall Fiscal 2016 revenue growth distorted to the first half. Gross... More
