Coach: Q4 in line with expectations.
(CercleFinance.com) - Coach has published Q4 2016-17 net adjusted (non-GAAP) earnings that are up 13% at 142 million dollars, or 50 cents per share, in line with the consensus.
At 1.13 billion dollars, the New York luxury leather goods maker's sales increased by 6% as reported basis and are up 7% at constant exchange rates, excluding an additional week in the last quarter of 2015-16.
With adjusted EPS of 2.15 dollars for the last year, Coach is expecting 2017-18 EPS that is up 10-12% at 2.35 dollars to 2.40 dollars, on sales growth of about 30% to between 5.8 billion and 5.9 billion dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
At 1.13 billion dollars, the New York luxury leather goods maker's sales increased by 6% as reported basis and are up 7% at constant exchange rates, excluding an additional week in the last quarter of 2015-16.
With adjusted EPS of 2.15 dollars for the last year, Coach is expecting 2017-18 EPS that is up 10-12% at 2.35 dollars to 2.40 dollars, on sales growth of about 30% to between 5.8 billion and 5.9 billion dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.