There was an extra week (14 weeks) of earnings included in the 13 week cycle. the extra week accounted for 8c of earnings and 70 million of revenue. Backing out the extra week , Coach barely hit the median expected number (56c) and MISSED on the revenue number (880 million vs 889 concensus. Looks like we will head south.
This is total nonsense as is the article by Jeanine Poggi. Analysts may not all be that smart but they can look at a calendar and see that there was an extra week in the quarter and take that into account.
conference call to begin. reality will set in soon. 35s by end of week , if not end of day, is certainly possible. MASSIVE ROLLOVER in markets - ALL WORLD MARKETS - to begin by end of august, and early september plummet of markets should easily get coh to 31-32. And , predicted by the charts, that should just be the beginning. Good luck
Don't you get it! Here we are in one of the more severe consumer downturns, and COH has higher earnings and income (some consumer companies have negative earnings). If COH can perform like this in a terrible economic environment, what happens with imrovement? This is a wonderful long term investment which should be slowly accumulated in one's portfolio on pullbacks.