×
74 293
Fashion Jobs
SACK OFF 5TH
Asset Protection Guard
Permanent · FARMINGTON HILLS
JCREW
Merchandise Planner
Permanent · New York
MACY'S
Asset Protection Detective, Pleasanton Stoneridge - Part Time
Permanent · Pleasanton
MACY'S
Asset Protection Officer, West Virginia - Full Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Investigator, West Virginia - Part Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Detective, Coronado Center - Part Time
Permanent · Albuquerque
MACY'S
Asset Protection Detective, Roosevelt - Part Time
Permanent · Philadelphia
MACY'S
Asset Protection Officer, West Virginia - Part Time (2840)
Permanent · Martinsburg
MACY'S
Manager, Merchandise Execution
Permanent · Aventura
MACY'S
Manager, Asset Protection
Permanent · Capitola
MACY'S
Manager, Merchandise Execution
Permanent · Boca Raton
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · TANNERSVILLE
UNDER ARMOUR
Stock Lead, ft
Permanent · WOODSTOCK
URBN
Assistant General Manager (m&v)
Permanent · GLEN MILLS
URBN
Free People Senior Merchandise Planner
Permanent · PHILADELPHIA
L'OREAL GROUP
Analyst - Supply Chain
Permanent · Streetsboro
L'OREAL GROUP
Payroll, Senior Business Analyst (IT Liaison) – l’Oreal Corporate Payroll
Permanent · St. Petersburg
L'OREAL GROUP
Senior Manager- Human Resources, Luxe Supply Chain
Permanent · South Brunswick Township
PRANA
Director, Strategic Accounts & Sales Business Development
Permanent · CARLSBAD
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Stanford
Permanent · PALO ALTO
ROSS
Store Protection Specialist
Permanent · Tampa
ROSS
Store Protection Specialist
Permanent · McAllen
By
Reuters
Published
Aug 4, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Handbag maker Coach's profit beats on Stuart Weitzman buy

By
Reuters
Published
Aug 4, 2015

Handbag maker Coach Inc reported better-than-expected quarterly profit and sales, helped by the acquisition of luxury shoe brand Stuart Weitzman Holdings LLC and some recovery in demand in North America, its biggest market.

Shares of the maker of Poppy handbags rose about 6 percent in premarket trading on Tuesday.

Coach Inc.


Coach, which is facing fierce competition from newer entrants such as Michael Kors Holdings Ltd, Kate Spade & Co and Tory Burch LLC, is trying to revive sales by renovating its stores, refreshing styles and expanding its offerings.

Coach's North America same-store sales fell 19 percent in the fourth quarter, the smallest decline in a year. Analysts on average had expected a 20.8 percent drop, according to research firm Consensus Metrix.

The region accounts for more than half of the company's total sales.

Coach also hired former Mulberry executive Stuart Vevers as creative director to bring in newer styles.

The company's new bags featuring pet dogs of celebrities such as Lady Gaga, Miranda Kerr and Ariana Grande promise to generate a buzz, Topeka Capital Markets analysts wrote in a note last week.

Coach's net income declined to $11.7 million, or 4 cents per share, in the quarter ended June 27 from $75.2 million, or 27 cents per share, a year earlier.

Excluding items, the company earned 31 cents per share.

Revenue fell nearly 12 percent to $1 billion.

Stuart Weitzman, which Coach bought in May from private equity firm Sycamore Partners in a deal valued at $574 million, contributed $43 million to revenue.

Analysts on average had expected a profit of 29 cents per share and revenue of $973 million, according to Thomson Reuters I/B/E/S.

Coach's shares were trading at $32.35 before the bell. Up to Monday's close, the stock had fallen 19 percent this year.


 

© Thomson Reuters 2023 All rights reserved.