Shares of Coach Inc. fell more than 5 percent Wednesday after its second-quarter North American comparable-store sales improved but fell below analysts’ expectations even as overall sales and profits posted double-digit gains.
For the three months ended Dec. 26, income rose 11.1 percent to $241 million, or 75 cents a diluted share, from $217 million, or 67 cents, in the year-ago quarter. Sales gained 10.9 percent to $1.07 billion from $960.3 million. North American comps rose 3.2 percent, the first positive comp in more than a year, but below the 5 percent gain expected by Wall Street analysts.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"