How about Coach (coh) the retailer. As I understand it, Glenn the retailer has been all over it.
>>Coach Reports Second Quarter Earnings Per Share of $0.99; Up 13% and Ahead of Revised Expectations; Results Driven by a 12% Sales Gain and Continued Margin Expansion
NEW YORK, Jan 23, 2002 (BUSINESS WIRE) -- Coach, Inc. (NYSE: COH), a leading
marketer of modern classic American accessories, today announced a 13% increase
in earnings per share to $0.99 for its second fiscal quarter ended December 29,
2001, up from $0.88 a year ago.
This substantial increase in earnings from the prior year's second quarter
reflected a 12% gain in net sales combined with operating margin improvement.
In the second quarter, net sales were $235.8 million, 12% higher than the $211.0
million reported in the same period of the prior year. Net income rose 13% to
$44.2 million, or $0.99 per fully diluted share, compared with $39.2 million, or
$0.88 per share the prior year. These results were ahead of the analysts'
recently revised consensus estimate of $0.96 per share.
siliconinvestor.com |
