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4-Traders Homepage  >  Equities  >  Nyse  >  Coach Inc    COH

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COACH INC : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

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08/15/2017 | 12:47pm CEST

Item 2.02 Results of Operations and Financial Condition.

On August 15, 2017, Coach, Inc. (the "Company") issued a press release (the "Press Release") in which the Company announced its financial results for its fourth fiscal quarter and fiscal year ended July 1, 2017. All information in the Press Release is being furnished to the Securities and Exchange Commission and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to liability under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 7.01 Regulation FD Disclosure

Selected unaudited financial information for Kate Spade & Company's ("Kate Spade") quarters ended July 1, 2017 and July 2, 2016, prior to the Company's acquisition of Kate Spade, is presented below.

                                 KATE SPADE & COMPANY

                 For the Quarters Ended July 1, 2017 and July 2, 2016
                                    (in millions)

                                                              QUARTER ENDED
                                                          July 1,      July 2,
                                                            2017         2016

       Net sales                                          $  300.6$  319.7

       Gross profit                                          176.5        190.7

       Selling, general and administrative expenses (1)      168.5        156.6

       Operating income (1)                                    8.0         34.1

       Income from Continuing Operations (1)              $    2.9$   24.6

(1) Amounts for the quarter ended July 1, 2017 include pre-tax acquisition-related costs of $8.6 million.

The foregoing financial information has not been audited. This financial information has been prepared under the legacy accounting systems of Kate Spade, which are in the process of being integrated with our accounting systems. The foregoing financial information also is not necessarily indicative of the presentation of Kate Spade as part of the consolidated Coach enterprise, which may differ materially from the results reflected in this information.


Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is being furnished herewith:

99.1 Text of Press Release, dated August 15, 2017


© Edgar Online, source Glimpses

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