NEW YORK (TheStreet) -- Shares of Coach Inc. are higher by 6.66% to $38.89 in pre-market trading on Thursday, after company reported its fiscal 2015 second quarter earnings results which came in higher than analysts had expected. For the most recent quarter the luxury handbag, clothing, shoes, and accessories maker said its adjusted earnings were 72 cents per share compared to the 66 cents per share analysts polled by Thomson Reuters were expecting. Coach's net sales however fell just shy of forecasts coming in at $1.22 billion for the fiscal second quarter versus the $1.23 billion analysts predicted. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Helping Coach post higher earnings this quarter was a 13% rise in sales in China. The Chinese market accounted for almost a tenth of the company's total sales for the year ended June 28, Reuters reports. Coach's holiday segment sales in North America grew by almost 24% to $785 million from the first quarter. "Our second quarter results were in line with our expectations and our annual guidance on a constant currency basis, with the further strengthening of the dollar impacting reported results," company CEO Victor Luis said. "We were pleased with the sequential improvement in our North American comparable store sales - notably in the bricks and mortar channel - and the growth of our international businesses. Our brand transformation plan continued to progress, as we successfully introduced our first modern luxury concept stores in key markets globally during the quarter," Luis added. Separately, TheStreet Ratings team rates COACH INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation: "We rate COACH INC (COH) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow." You can view the full analysis from the report here: COH Ratings Report COH data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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