Yup, and a gorilla like BTY is going to change. Did you know when the British use the internet they were charged as if it was a metered call?
That would be like you being charged by the minute when you order a barbacue pit from Amazon.com.
Off topic: Have you ever heard of Coach (coh)?
siliconinvestor.com
>>NEW YORK, Feb 27, 2002 (BUSINESS WIRE) -- Coach, Inc. (NYSE: COH), a leading
marketer of modern classic American accessories, announced that its third
quarter results to date are tracking significantly ahead of plan.
The Company now expects that fiscal third quarter earnings for the period ending
March 30, 2002, will be at least $0.27 per fully diluted share, compared with
the prior year's $0.17. The published range of analysts' estimates is currently
$0.21-$0.22 per diluted share.
Preparing to address investors at the Bear Stearns Retail, Restaurants & Apparel
Conference in New York, Lew Frankfort, Chairman and Chief Executive Officer of
Coach, Inc. said, "The momentum that built during the holiday season has clearly
continued into the third fiscal quarter with U.S. comparable store sales
trending ahead mid-single-digits over last year's levels. Consumers have
embraced our spring designs, including the new styles and colors in our
Signature handbags and women's accessories, Girlie bags, Hamptons carryalls and
Duffle Sac offerings. In addition, our robust Valentine's Day results continue
to validate Coach as a leading gift resource." Mr. Frankfort added, "Our revised
third quarter expectations are due to higher sales projections in combination
with significant gross margin expansion and tight expense control."
"We have strong brand equity and proven growth strategies. Looking ahead, I'm
confident that our well-received spring offering, fueled by consistent product
flow, will ensure continued financial momentum through the fourth quarter. We
now expect fiscal year 2002 sales and fully diluted earnings per share of at
least $695 million and $1.83, respectively. This is based on achieving second
half earnings of $0.56 per fully diluted share, up from previous guidance of
$0.46 provided in our January 23 conference call," Mr. Frankfort concluded.
Coach will present at the Bear Stearns Retail, Restaurants & Apparel Conference
on March 1, 2002 at 9:00 a.m. (EST). The audio portion of the presentation will
be webcast live and archived for a period of five business days and is available
to the general public. To access the live audio portion of the presentation, log
onto: www.bearstearns.com/conferences/retail2002/ or www.coach.com/investors.
Results for the third fiscal quarter, which will end on March 30, 2002, are
expected to be reported before the opening of the market on April 23, 2002 and
to be discussed in a management-sponsored conference call at 8:30 a.m. (EDT) and
simultaneous webcast that day on the Internet at www.coach.com.
Coach, 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, luggage and travel accessories, footwear,
watches, outerwear, jewelry, furniture and related accessories. Coach is sold
worldwide through Coach stores, select department stores and specialty stores,
through the Coach catalogue in the U.S. by calling 800-262-2411 and through
Coach's website at www.Coach.com. Coach's shares are traded on The New York
Stock Exchange under the symbol COH. |
