Content about Coach Inc.

February 14, 2013
Coach CEO to step down in 2014; to be succeeded by head of international ops

Coach Inc. said that its longtime CEO, Lew Frankfort, will step down in January 2014.

New York -- Coach Inc. said that its longtime CEO, Lew Frankfort, will step down in January 2014. He will be succeeded by Victor Luis, head of Coach’s international operations, at which point Frankfort will become executive chairman. Coach named Luis president and chief commercial officer in the interim and said he will also join the board.
 

October 23, 2012
Coach exceeds profit expectations for Q1

Coach Inc. reported that profit for the quarter ended Sept. 29 rose 3% to $221.4 million, compared with $215 million for the same period last year and beating Wall Street expectations.

New York -- Coach Inc. reported Tuesday that profit for the quarter ended Sept. 29 rose 3% to $221.4 million, compared with $215 million for the same period last year and beating Wall Street expectations.

Sales surged 11% to $1.16 billion, in line with forecasts, and same-store sales in North America rose 11%, bolstering the luxury retailer’s results for the quarter. In China, same-store sales also rose by double-digits.

July 31, 2012
Coach Q4 income tops expectations, but sales miss

Coach Inc. reported that net income for the quarter ended June 30 rose 24% to $251.4 million, from $202.5 million in the same period last year, topping Wall Street projections.

New York -- Coach Inc. reported Tuesday that net income for the quarter ended June 30 rose 24% to $251.4 million, from $202.5 million in the same period last year, topping Wall Street projections.

The company’s revenue in the quarter rose 12% to $1.16 billion, below analysts’ expectations of $1.2 billion. Slowing growth at the company’s factory-outlet stores impacted sales. Coach reinstated coupons at its factory stores late in the quarter amid increasing discounting among retailers.

April 24, 2012
Coach Q3 profit rises on 17% sales increase

Coach Inc. posted a higher-than-expected quarterly profit, benefiting from strong sales and improved margins.

New York -- Coach Inc. posted a higher-than-expected quarterly profit on Tuesday, benefiting from strong sales and improved margins. The company also announced that its board of directors has voted to increase its cash dividend by 33%.

Net income for the third quarter ended on March 31 was a better-than-expected $225 million compared with $186 million a share, a year earlier.

Revenue rose 16.6% to $1.11 billion, just above analysts’ expectations. Same-store sales in the United States rose 6.7%.

January 24, 2012
Coach profit rises 15% in Q2

Coach Inc. reported that net earnings for the quarter ended Dec. 31 rose 15% to $347.5 million, compared with $303.4 million in the year-ago period.

New York City -- Coach Inc. reported Tuesday that net earnings for the quarter ended Dec. 31 rose 15% to $347.5 million, compared with $303.4 million in the year-ago period.

Sales increased 15% to $1.45 billion, beating Wall Street’s expected $1.43 billion in revenue.

Same-store sales rose 8.8% in North America.

"We've experienced strong response to our new collections and our pricing and assortment strategy continue to resonate with consumers world-wide," Coach CEO Lew Frankfort said on a conference call.

January 24, 2006
Coach Earnings Soar

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August 23, 2005
Coach Profits Bigger Than Expected

Chicago, Coach Inc....

January 24, 2005
Coach Posts 41% Jump in 2Q Profit

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January 24, 2005
Coach Posts 41% Jump in 2Q Profit

New York City, ...