Coach Inc

Nordstrom (JWN) announced its fiscal 3Q17 results on November 9, 2017, after the market closed. Revenue rose 2.5% to $3.6 billion YoY (year-over-year), which was 1.4% higher than the estimate.

VF Corporation (VFC) posted total sales of $3.5 billion during 3Q17.

The New York–based Ralph (RL) is covered by 22 Wall Street analysts. The company is rated a 3.0 with 82% “hold,” 9% “buy,” and 9% “sell” recommendations.

On September 12, Independent Research cut the target price for Altria Group (MO) to $68 from $70 with a “hold” rating.

The consumer discretionary and retail sectors’ rough performances continued last week. The consumer discretionary sector suffered after Foot Locker (FL) and Coach (COH) stock took hard falls.

Coach’s (COH) stock price crashed after it reported its fiscal 4Q17 results on August 15, falling 15% on guidance that fell short of Wall Street expectations.

Coach’s (COH) international business accounted for 39% of its 4Q17 top line. Sales fell 1.7% YoY (year-over-year) to $442 million.

For fiscal 4Q17, Coach (COH) reported total revenues of $1.13 billion, which is 1.8% lower than its revenues in fiscal 4Q16.

Coach reported adjusted diluted earnings of $0.50 per share, beating the Wall Street average profit estimate by $0.01.

PVH’s YTD gains have outperformed Hanesbrands’ (HBI) 11%, VF Corporation’s (VFC) 15.5%, Michael Kors’s (KORS) 4%, and Ralph Lauren’s (RL) -7.2% gains.

In 1Q17, PVH reported a 10% YoY (year-over-year) increase in its EPS (earnings per share), driven mainly by a business beat.

PVH Corporation’s (PVH) top line is predicted to grow 4.9% YoY (year-over-year) in 2Q17.

Ralph Lauren’s (RL) stock price soared 13% after the company reported better-than-anticipated top and bottom lines on Tuesday, August 8.

Ralph Lauren (RL) reported total revenues of $1.35 billion in 1Q18, down 13% as compared to the same period last year.

For fiscal 1Q18, Kors’s EPS came in at $0.90, or $0.28 higher than the estimate. Its revenue fell 3.6% YoY to $952 million but still beat the consensus estimate.

Unimpressive financial performance has taken a toll on Michael Kors’ (KORS) stock market performance. Its shares have tumbled more than 15% to date.

As we discussed, Michael Kors (KORS) is slated to report its first-quarter results on August 8. Management has guided for $0.60 to $0.64 in earnings per share.

Fiscal 2017 was a tough year for Michael Kors (KORS). The company posted a year-over-year (or YoY) sales decline in all four quarters.

Michael Kors Holdings Limited (KORS) is slated to report its 1Q18) earnings results on Tuesday, August 8. Here’s what you need to know.

Why Michael Kors acquired Jimmy Choo Michael Kors (KORS) is a leading luxury handbag and accessories maker in the United States. The company has recorded TTM (trailing-12-month) sales of $4.5 billion. Close competitor Coach (COH) has TTM sales of $4.5 billion. Both companies belong to the affordable luxury space, which has been facing falling sales and contracting margins […]

On July 25, Michael Kors (KORS) announced that it has entered into a definitive agreement to acquire Jimmy Choo (CHOO) for $1.2 billion. Let’s look at what Michael Kors could gain from the acquisition.

In 2Q17, VF Corporation (VFC) reported sales of $2.4 billion. Sales from continuing operations rose 2.0% on a reported basis.

Coach’s one-year forward earnings multiple surged to 20.7x versus a three-year average of 18.3x.

Of the analysts that cover Coach (COH), 78% recommend a “buy” on the stock, 25% recommend holding it, and 3% suggest selling it.

Coach pulled out of 250 department stores in the US during its last reported quarter, reducing the department store count by ~25% in 2017.

Coach (COH), one of America’s leading handbag designers and sellers, has risen 35% year-to-date. Coach recently announced the acquisition of rival Kate Spade (KATE) for $2.4 billion.

For fiscal 1Q18, Michael Kors’ (KORS) management is looking for EPS of $0.60–$0.64 on total sales in the range of $910 million–$930 million.

Michael Kors (KORS) has a strong cash flow position. The company ended fiscal 4Q17 with cash and cash equivalents of $228 million and net debt of -$95 million.

Michael Kors (KORS) reported an 11.2% year-over-year decline in its fiscal 4Q17 sales to $1.2 billion, beating Wall Street by ~$10 million. For fiscal 2017, KORS’ total sales fell 4.6% to ~$4.5 billion.

Michael Kors (KORS) reported fiscal 4Q17 EPS of $0.73, $0.03 higher than analyst estimates. KORS’ revenues fell 11.7% year-over-year to ~$1.1 billion, beating the consensus by $10.0 million.

Gap (GPS) has paid dividends and repurchased its shares regularly, supported primarily by its solid cash balance.

While PVH Corp has done better than most peers in the stock market, the dividend yield offered by its stock is among the lowest in the industry.

Coach (COH), America’s leading luxury handbag and accessories maker, is buying Kate Spade (KATE) for a total transaction value of $2.4 billion.

Coach’s (COH) stock price rose 11.4% to $43.15 after it reported its results on May 2. The company is currently sitting on a YTD profit of 23%.

Coach (COH) reported a 5% YoY rise in its EPS for fiscal 3Q17, registering $0.46 per share.

Coach’s (COH) International business, which accounted for 43% of its top line in 3Q17, recorded a 4% YoY (year-over-year) fall in sales to $448 million.

The Coach brand’s North America sales, which accounted for 48% of the company’s top line, fell 5% YoY to $474 million.

For fiscal 3Q17, Coach reported earnings of $0.46 per share, beating the Wall Street analyst average estimates by $0.02.

Kate Spade’s (KATE) share price tanked 14.6% on Tuesday, April 4, as Reuters reported Monday evening that the handbag manufacturer had sought more time from Coach (COH) to consider its buyout offer.

After PVH Corp (PVH) reported solid 4Q16 results on March 22, beating the consensus estimates, the stock jumped 8.5% and closed at $98.55 on March 23.

PVH Corp (PVH) delivered an above-average performance in the stock market during 2016, recording gains of 23%.

KATE’s strict cost-control measures resulted in a 390-basis-point fall in its selling, general, and administrative rate, which fell to 39.1% of its sales in 4Q16 from 43.0% in 4Q15.

Kate Spade New York (KATE) reported a 10% rise in its 4Q16 sales to $471 million. Its 4Q16 comps stood at 9.3%, compared to 3Q16’s 7% and 2Q16’s 4% comps growth.

Kate Spade New York’s stock price made big strides yesterday after the company confirmed that it was reviewing strategic alternatives while reporting its 4Q16 results.

New York–based Kate Spade (KATE) reported its 4Q16 results on February 16, 2017. The company’s earnings per share stood at $0.41.

Weak same-store sales and a poor bottom-line performance have affected Gap’s stock market returns over the last two years.

After delivering a 14% decline in the stock market in 2016, VF Corporation’s (VFC) stock price has already fallen 5.7% during 2017 through February 10.

S&P Global Ratings lowered the credit rating of Under Armour (UAA) stock to junk status after the company reported weak 4Q16 results and a gloomy sales outlook. The rating on UAA’s bonds dropped from BBB- to BB+.

RL is currently trading 48% below its 52-week-high price and has fallen 15% YTD.

RL delivered better-than-expected earnings and in-line revenues, but its EPS fell 18% YoY to $1.86.

On January 25, 2017, Telsey downgraded Kate Spade’s rating to “market perform” from “outperform.” It reported fiscal 3Q16 net sales of $316.5 million.

On January 25, 2017, CLSA downgraded Coach’s rating to “outperform” from “buy.” Atlantic Equities downgraded Coach’s rating to “neutral” from “overweight.”

On January 25, 2017, the S&P 500 slightly outperformed the S&P Consumer Staples and the S&P Consumer Discretionary as a whole.

Kate Spade (KATE) reported fiscal 3Q16 net sales of $316.5 million—a rise of 14.1% compared to net sales of $277.3 million in fiscal 3Q15.

Coach (COH) has a market cap of $10.2 billion. It rose 2.1% to close at $36.24 per share on January 4, 2017.

Constellation Brands (STZ) has a market cap of $31.8 billion. It rose 2.1% to close at $157.99 per share on January 4, 2017.

On January 3, 2017, Piper Jaffray downgraded Michael Kors Holdings’s (KORS) rating from “overweight” to “neutral.” It also lowered the stock’s price target from $60.00 to $48.00 per share.

Kate Spade (KATE) rose more than 23.0% on December 28, 2016, after the report that the company is planning to sell its businesses with the help of investment banker.

On November 23, 2016, Wolfe Research downgraded Kate Spade & Company’s rating to “peer perform” from “outperform.”

Fossil Group (FOSL) has a market cap of $1.7 billion. It rose 2.7% to close at $35.24 per share on November 21, 2016.

Fossil Group (FOSL) has a market cap of $1.6 billion. It rose 8.4% to close at $35.70 per share on November 16, 2016.

Coach’s (COH) cash, cash equivalents, and short-term investments rose 16.2%, and its inventories rose 19.1% between fiscal 4Q16 and fiscal 1Q17.

Michael Kors Holdings (KORS) has a market cap of $7.7 billion. It fell 5.1% to close at $47.16 per share on November 14, 2016.

Michael Kors Holdings (KORS) has a market cap of $9.0 billion. It rose 3.2% to close at $51.76 per share on November 10, 2016.

Fossil Group (FOSL) has a market cap of $1.3 billion. It rose 3.5% to close at $25.58 per share on November 4, 2016.

Kate Spade has seen YTD losses of 18%. The stock price plunged 10.2% after it warned about further margin contraction during its 3Q16 earnings call.

Kate Spade (KATE) reported a 15% rise in sales in 3Q16, with total sales reaching $316.5 million.

Kate Spade’s top line and bottom line beat Wall Street estimates, with revenue rising 15% YoY to $316 billion—nearly $5.5 million more than expectations.

Coach’s stock has gained 12% year-to-date Coach (COH) has done reasonably well in the stock market this year. As of November 2, 2016, the company was sitting on a YTD (year-to-date) profit of 8.4%. It has outperformed the S&P 500 Apparel and Accessories index, which had fallen 5.5% YTD. Coach, along with six other apparel and accessory companies, […]

Confident about achieving fiscal 2017 guidance After a healthy first quarter, Coach’s (COH) management is expecting strong results for fiscal 2017. The company reiterated its fiscal 2017 guidance of a low-to-mid-single digit top-line increase and an 18.5% to 19% expansion of its operating margin. “We achieved growth across key financials, including sales, gross profit and […]

Coach’s margins and sales improve Coach (COH), one of the most established players in the US affordable luxury segment, reported results for 1Q17 on November 1, 2016. As discussed in the previous two sections, the company’s sales improved 1% on strong international business and positive sales comps in North America. The company also reported an […]

Evaluating Coach’s 1Q17 sales Coach (COH) reports revenues under two major segments – the Coach brand and the Stuart Weitzman brand. The Coach brand, the company’s primary business, accounts for more than 90% of its top line. The company reports its North American and international segments separately for the Coach brand. In this section, we’ll evaluate […]

Coach (COH) reported its results for the first quarter of 2017 before the market opened on November 1, 2016. Although the company reported earnings per share in line with Wall Street analysts’ estimates, it missed revenue estimates.

Price movement Coach (COH) has a market cap of $10.3 billion. It rose 2.2% to close at $36.68 per share on November 1, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 2.9%, 0.38%, and 15.0%, respectively, on the same day. COH is trading 1.9% above its 20-day moving average, 0.01% below […]

Price movement Herbalife (HLF) has a market cap of $5.5 billion. It fell 2.6% to close at $59.12 per share on November 1, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -1.4%, -7.4%, and 10.3%, respectively, on the same day. HLF is trading 4.4% below its 20-day moving average, 4.3% below […]

On November 1, 2016, the S&P Consumer Staples slightly outperformed the S&P 500 and the S&P Consumer Discretionary. The indexes had respective returns of -0.47%, -0.68%, and -0.84%.

Wall Street has a bullish outlook on Kate Spade. The company has received 76% “buy” and 23% “hold” recommendations from analysts.

As a result of its second quarter headwinds, Kate Spade (KATE) lowered its full fiscal 2016 outlook.

Kate Spade’s (KATE) 2Q16 performance was characterized by a disconcerting slowdown in sales comps and a contraction in margins.

Kate Spade (KATE) is set to report its quarterly earnings on Wednesday, November 2, 2016, before the markets open.

Price movement Coach (COH) has a market cap of $10.1 billion. It fell 1.0% to close at $35.55 per share on October 21, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -0.86%, -2.9%, and 11.5%, respectively, on the same day. COH is trading 1.6% below its 20-day moving average, 4.4% below […]

Coach (COH) has a market cap of $10.2 billion. It rose 0.97% to close at $36.56 per share on September 30, 2016.

Nike (NKE) has a market cap of $88.3 billion. It rose 0.94% to close at $52.65 per share on September 30, 2016.

Michael Kors Holdings (KORS) has a market cap of $7.9 billion. It fell 0.17% to close at $46.79 per share on September 30, 2016.

Price movement Michael Kors Holdings (KORS) has a market cap of $7.9 billion. It fell 2.8% to close at $46.87 per share on September 29, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -6.5%, -4.8%, and 17.0%, respectively, on the same day. KORS is trading 3.9% below its 20-day moving average, […]

Coach (COH) fell 4.2% to close at $35.04 per share during the second week of September 2016.

Campbell Soup Company (CPB) has a market cap of $17.2 billion. It fell 0.13% to close at $55.31 per share on September 19, 2016.

Kate Spade (KATE) reported weaker-than-expected 2Q16 results on August 3, 2016, recording EPS of $0.11, as compared to the Wall Street estimate of $0.14.

Kate Spade (KATE) has a market cap of $2.5 billion. It rose 0.82% to close at $18.53 per share on September 13, 2016.

Fossil fell by 4.6% to close at $28.13 per share during the fifth week of August, with weekly, monthly, and YTD price movements of -4.6%, -4.8%, and -23.1%.

PVH has easily been one of the best-performing apparel stocks this year. The company’s year-to-date returns stand at a whopping 46% as of August 25, 2016.

PVH’s Heritage Brands segment, which includes brands such as Van Heusen, ARROW, Izod, Speedo, Warner’s, and Olga, accounted for 18% of its revenue in 2Q16.

Among PVH’s (PVH) three segments, Calvin Klein has been the best performer. The brand accounts for more than 37% of the company’s total revenue.

Fragrances net revenue rose 1.9% in fiscal 4Q16 and fell 7.6% to $2.0 billion for fiscal 2016 in reported terms.

Coach (COH) fell by 6.4% and closed at $39.33 per share during the second week of August 2016. Coach reported fiscal 4Q16 net sales of $1.2 billion.

Graphic Packaging Holding rose by 0.22% and closed at $13.80 per share during the second week of August 2016. It reported 2Q16 net sales of $1.1 billion.

Coach (COH) reported its fourth quarter and fiscal 2016 results on August 9, 2016. Its operating margin improved from 3.9% in 4Q15 to 10.1% in 4Q16.

Coach reported a 15% YoY increase in its top line in 4Q16. Its fiscal 2016 net sales rose 7% on a reported basis and 9% on a constant currency basis to $4.5 billion.

Coach (COH) reported its fourth quarter and fiscal 2016 results on August 9, 2016. The company reported earnings of $0.45 per share.

Michael Kors Holdings (KORS) has a market cap of $8.7 billion. It fell by 2.8% to close at $48.71 per share on August 10, 2016.