Coach goes more full-price, less discount; Q2 profit tops forecast
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
COACH Inc has posted second-quarter profit that exceeded analysts' estimates as the struggling handbag maker worked to increase sales of full-priced items and reduce discounts as part of its turnaround plan.
Excluding restructuring costs, earnings were 72 cents a share, the New York-based company said on Thursday. Analysts had estimated 66 cents, on average. North American same-store sales fell 22 per cent, compared with the 24 per cent drop predicted by analysts tracked by Consensus Metrix.
Share with us your feedback on BT's products and services
TRENDING NOW
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
Mustafa Centre begins fit-out at JB’s Capital City Mall after 2-year delay
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
