Interviews
News Flash
Coach Q3 profit surges 35%, plans 600 stores by 2007
25 Apr '06
3 min read
During the third quarter of fiscal 2006, the company opened three US retail stores - all in new markets for Coach - and one factory store. It also closed one factory store, bringing the total to 206 retail stores and 84 factory stores at April 1st 2006. In Japan, Coach opened three net new retail locations and expanded two locations as well.
Frankfort concluded, "By the end of this fiscal year we will have opened about 55 new locations globally, bringing our total to about 525. During fiscal 2007, we are planning to accelerate our new unit openings to at least 85 Coach US stores and international locations globally, bringing our total number of locations to over 600 by year end. Looking ahead, we have a clearly articulated roadmap focused on achieving continued rapid growth through our planning horizon."
The company now estimates 2006 sales of about $2.1 billion for the full fiscal year ending July 1st 2006, an increase of about 23 percent from the prior year, and earnings per share of $1.25 or up 36 percent from last year, compared with analysts' current consensus estimate of $1.24.
For fiscal 2007, Coach projects sales growth of about 19 percent to about $2.5 billion and earnings per share growth of about 20 percent to $1.50, compared with the analysts' current consensus estimate of $1.48.
Coach Inc, with headquarters in New York, is a leading American marketer of fine accessories and gifts for women and men, including handbags, women's and men's small leathergoods, business cases, weekend and travel accessories, footwear, watches, outerwear, scarves, sunwear and related accessories.
Frankfort concluded, "By the end of this fiscal year we will have opened about 55 new locations globally, bringing our total to about 525. During fiscal 2007, we are planning to accelerate our new unit openings to at least 85 Coach US stores and international locations globally, bringing our total number of locations to over 600 by year end. Looking ahead, we have a clearly articulated roadmap focused on achieving continued rapid growth through our planning horizon."
The company now estimates 2006 sales of about $2.1 billion for the full fiscal year ending July 1st 2006, an increase of about 23 percent from the prior year, and earnings per share of $1.25 or up 36 percent from last year, compared with analysts' current consensus estimate of $1.24.
For fiscal 2007, Coach projects sales growth of about 19 percent to about $2.5 billion and earnings per share growth of about 20 percent to $1.50, compared with the analysts' current consensus estimate of $1.48.
Coach Inc, with headquarters in New York, is a leading American marketer of fine accessories and gifts for women and men, including handbags, women's and men's small leathergoods, business cases, weekend and travel accessories, footwear, watches, outerwear, scarves, sunwear and related accessories.
Coach Inc
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
