Report
Bridget Weishaar
EUR 101.80 For Business Accounts Only

Coach announces plans to reposition Kate Spade while beginning to recognize synergies.

Coach management’s fourth-quarter commentary gave us insight into expectations for fiscal 2018 with announced plans to cull Kate Spade’s wholesale distribution and to expect brand repositioning to result in a high-single-digit decrease in comps for the fiscal year falling short of our expectations. Further, management thoughts on gross margin headwinds in fiscal 2018 from the Kate Spade business (which runs at a lower gross margin rate), led us to believe our previous expectations for a 120 basi...
Underlying
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Bridget Weishaar

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