reports
- Bridget Weishaar
Coach announces plans to reposition Kate Spade while beginning to reco...
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 ...
- Bridget Weishaar
Narrow-Moat Coach’s Outlook for Fiscal 2018 Disappoints; Shares Fair...
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 ...
- Bridget Weishaar
Narrow-moat Coach's transformation strategy is yielding margin expansi...
Narrow-moat Coach’s efforts to elevate its core brand from leather goods to fashion design house continued to bear results in the second quarter in line with both our short-term and long-term forecast. Top-line growth in all reportable segments, coupled with increased penetration of higher price-point products and gross margin expansion, leave us comfortable that the company is gaining market share and that new sales are high quality and margin enhancing. Not surprisingly, the company maintain...
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