Are Coach Shareholders About to Experience More Epic Doom?

TheStreetJune 18, 2014

Coach has an analyst day prepared for June 19, 2014. At this analyst day, Coach execs will wax poetic on current business trends, key growth opportunities, transformation initiatives, and the long-term outlook. But, with Coach shares down 5.5% in the past month into this stock analyst event the market is clearly yelling the company is having another challenging quarter. Remember, Coach’s North American same-store sales were down 18% in the previous quarter, just jaw-dropping in and of itself, but especially against the 26.2% notched by rival Michael Kors. Brian Sozzi, CEO of Belus Capital Advisors and Analyst for TheStreet, shares unique signs that Coach is still doomed.