Maybe turn it into some kind of charitable "Burn Across America." Help save the banks, burn your house down today.
Market rallying, so it must be good
Mel Gibson's Malibu home succumbed to the fires of hell.
Isn't this smoke always emanating from the CA coast?
Throw in your clothes and help save the retailers
UPDATE: Coach Profit Rises; Outlook Misses Analysts' Estimates
8:47 AM ET - Dow Jones News
By Andria Cheng
NEW YORK (Dow Jones) - Coach Inc. on Tuesday said quarterly profit rose 23%, boosted by new handbag sales, but the largest U.S. seller of luxury leather goods gave forecasts that missed analysts' estimates, citing weak traffic in its U.S. retail stores.
Net income rose to $154.8 million, or 41 cents a share, from $125.6 million, or 34 cents, a year earlier. Sales in the quarter ended Sept. 29 jumped 28% to $676.7 million.
The company has experienced softening traffic in the last several weeks, leading it to give a "more conservative" holiday outlook of comparable-store sales for its North American retail stores, Coach said. Coach said it's still confident about meeting its full-year target for the year as it curbs spending amid uncertain sales trends.
Coach (COH) forecast second-quarter profit of 68 cents a share with sales of about $970 million. Same-store sales are forecast to rise in the low-single digits for the quarter, Coach said. Profit for the year will be about $2.06 a share with sales of $3.17 billion, the company expected. Analysts, on average, estimated Coach to earn 40 cents in the first quarter, 70 cents in the second, and $2.08 a share for the year, according to Thomson Financial.
Sales guidance for second-quarter and for the year also missed analysts' estimates.
Coach had consistently been among one of the retail outperformers, known for beating analysts' estimates. Luxury retailers from Nordstrom Inc. (JWN) to Saks Inc. (SKS) reported lower than expected September same-store sales as the world's largest retail trade group forecast U.S. stores to have their worst holiday season in five years amid housing and credit market concerns.
> Dow Jones Newswires
10-23-07 0846ET
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