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Coach Inc (COH.N)

COH.N on New York Stock Exchange

46.07USD
25 May 2017
Change (% chg)

$-0.04 (-0.09%)
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Latest Key Developments (Source: Significant Developments)

Coach sets quarterly cash dividend of $0.3375 per share
Friday, 19 May 2017 06:45am EDT 

May 19 (Reuters) - Coach Inc ::Sets quarterly cash dividend of $0.3375per share.  Full Article

Coach CEO- Approximately 60 pct of Kate Spade's consumers are millennial
Monday, 8 May 2017 10:56am EDT 

May 8 (Reuters) - Coach Inc :CEO on conf call- marketing and design, merchandising teams to remain independent for Kate and Coach, corporate functions to be shared.CFO- will issue $1.1 billion term loan, $1 billion senior secured loans.CEO- approximately 60% of Kate Spade's consumers are millennial.CEO- "in the short-term, we're not going to be looking at any major acquisitions...we have the financial flexibility to look at other smaller acquisitions in the size of a Stuart Weitzman or smaller".  Full Article

Kate Spade says it may be required to pay Coach a termination fee of $83.3 mln
Monday, 8 May 2017 07:29am EDT 

May 8 (Reuters) - Coach Inc :Kate spade & co - with respect to coach deal, under some circumstances, co is required to pay coach a termination fee of $83.3 million - sec filing.  Full Article

Coach to acquire Kate Spade & Co for $18.50 per share in cash
Monday, 8 May 2017 06:45am EDT 

May 8 (Reuters) - Coach Inc : :Coach Inc to acquire Kate Spade & Company for $18.50 per share in cash.Coach Inc to acquire Kate Spade & Company for $18.50 per share in cash.Coach Inc- acquisition expected to be accretive in fiscal 2018 and to reach double-digit accretion by fiscal 2019 on a non-GAAP basis.Coach Inc - acquisition expected to be accretive in fiscal 2018 and to reach double-digit accretion by fiscal 2019 on a non-GAAP basis.Coach Inc - transaction has been unanimously approved by boards of directors of Kate Spade & Company and Coach Inc.Coach Inc - deal for total transaction value of $2.4 billion..Coach Inc - deal to reach double-digit accretion by fiscal 2019 on a non-GAAP basis.Coach Inc - transaction has been unanimously approved by boards of directors of Kate Spade & Company and Coach Inc.Coach Inc - transaction is not subject to a financing condition.Coach Inc - Coach has secured committed bridge financing from BofA Merrill Lynch.Coach-$2.4 billion purchase price expected to be funded by a combination of senior notes, bank term loans and approximately $1.2 billion of excess Coach cash.Coach Inc - believe co can realize a run rate of approximately $50 million in synergies within three years of deal closing.Coach - cost synergies will be realized through scale and inventory management, optimization of Kate Spade's supply chain network.Coach Inc - plan to reduce sales in Kate Spade's wholesale disposition and online flash sales channels.  Full Article

Coach CEO says closed over 140 locations in Q3 - conf call
Tuesday, 2 May 2017 11:24am EDT 

May 2 (Reuters) - Coach Inc :Coach CEO - closed over 140 locations in Q3 & expect another few to be closed in Q4; in spring season-to-date, co's days on promotion down 35 percent - conf call.Coach CEO - across global fleet, there were 28 craftsmanship bars installed at end of Q3, and expect to add about 7 more by end of fiscal year - conf call.Coach CEO - sales in directly-operated Asian markets outside of China, Japan hit by softness in South Korea where macroeconomic headwinds pressured spending by domestic consumers, tourists - conf call.Coach CEO - "would not comment any further on acquisition activity and won't do so unless and until there's something specific to announce" - conf call.Coach executive - not looking for brands that have "lost their way", or need to be "completely repaired or repositioned in the minds of consumers" - conf call.  Full Article

Coach Q3 non-gaap earnings per share $0.46
Tuesday, 2 May 2017 06:45am EDT 

May 2 (Reuters) - Coach Inc :Coach, inc. Reports fiscal 2017 third quarter results consistent with expectations.Q3 earnings per share $0.43.Q3 sales $995 million versus i/b/e/s view $1.02 billion.Q3 earnings per share view $0.44 -- Thomson Reuters I/B/E/S.Q3 non-gaap earnings per share $0.46.Says maintains fiscal 2017 guidance.Maintains fiscal 2017 guidance.Qtrly international coach brand sales totaled $430 million compared to $448 million a year ago.Says coach brand north america comparable store sales increased 3% in q3.Says strategic actions in north america wholesale channel negatively impacted sales growth by about 150 basis points..Qtrly greater china sales declined 2% versus prior year in dollars and increased 2% on a constant currency basis.Fy2017 earnings per share view $2.14, revenue view $4.53 billion -- Thomson Reuters I/B/E/S.  Full Article

Coach Inc appoints Joshua Schulman president & CEO, Coach brand
Thursday, 6 Apr 2017 06:30am EDT 

Coach Inc : Coach, Inc. appoints Joshua Schulman president & CEO, Coach Brand . Schulman joins Coach from Neiman Marcus Group .Andre Cohen, currently president, North America and global marketing for Coach brand, will be leaving company.  Full Article

Coach sets quarterly cash dividend of $0.3375 per share
Friday, 17 Feb 2017 06:45am EST 

Coach Inc : Sets quarterly cash dividend of $0.3375 per share .Coach inc. Declares quarterly cash dividend.  Full Article

Coach exec says expects "very strong topline growth" in Q4 - conf call
Tuesday, 31 Jan 2017 10:13am EST 

: Coach executive - challenges existing today affecting category in specific, consumer spending in general to persist in balance of FY 2017 - conf call . Coach executive - volatility evident throughout FY 2016 and in first half of FY 2017, impacted by U.S. election and strengthening of dollar - conf call . Coach executive - continued to experience strong results in U.K., benefiting from currency weakness & increased traction with local consumer - conf call . Coach executive - Q3 nominal revenue to decline on negative currency impact, calendar shift in North America, reduction in promotions in North America . Coach executive - Q3 topline to be negatively affected by timing items including shift of easter into Q4, international wholesale shipments - conf call . Coach executive - projecting "very strong topline growth" in Q4 - conf call Further company coverage: [COH.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Coach Inc posts Q2 earnings per share of $0.71
Tuesday, 31 Jan 2017 06:45am EST 

Coach Inc : Coach Inc reports fiscal 2017 second quarter results; drives double-digit earnings growth . Q2 earnings per share $0.71 . Q2 earnings per share view $0.74 -- Thomson Reuters I/B/E/S . Q2 non-gaap earnings per share $0.75 . Is maintaining its operational outlook for fiscal 2017 . Coach says qtrly international Coach brand sales rose 3 pct to $448 million on a reported basis from $437 million last year and 1 pct on a constant currency basis . Qtrly total north american coach brand sales increased 2 pct on both a reported and constant currency basis to $744 million . Coach inc says maintaining its operational outlook for fiscal 2017, while adjusting its revenue guidance based solely on current exchange rates . Qtrly Greater China sales were approximately even with prior year in dollars and increased 6 pct on a constant currency basis . Coach - now projecting 2017 revenue to increase low-single digits, including expected negative impact from foreign currency of 50 basis points for full fiscal year . Coach brand North America comparable store sales increased 3 pct in Q2 . Company is maintaining its operating margin forecast for Coach, Inc. Of between 18.5-19.0 pct for fiscal 2017 ."Company continues to project double-digit growth in both net income and earnings per diluted share for year".  Full Article

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BRIEF-Coach sets quarterly cash dividend of $0.3375 per share

* Sets quarterly cash dividend of $0.3375per share Source text for Eikon: Further company coverage: