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

COACH INC (COH)
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Coach Inc : Earnings Review and Free Research Report: Coach Adjusted Diluted EPS Increased 11.1%

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09/05/2017 | 01:02pm CEST

Research Desk Line-up: Caleres Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 5, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Coach, Inc. (NYSE: COH), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=COH, following the Company's posting of its financial results on August 15, 2017, for the fourth quarter fiscal 2017. The Company's operating income increased 65.2% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Textile - Apparel Footwear & Accessories industry. Pro-TD has currently selected Caleres, Inc. (NYSE: CAL) for due-diligence and potential coverage as the Company reported on August 29, 2017, its financial results for Q2 2017. Register for a free membership today, and be among the early birds that get access to our report on Caleres when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on COH; also brushing on CAL. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=COH

http://protraderdaily.com/optin/?symbol=CAL

Earnings Reviewed

For three months ended July 01, 2017, Coach's net revenue decreased 1.7% to $1.13 billion on a y-o-y basis from $1.15 billion in Q4 FY16. During Q4 FY17, the Company had 1,043 directly operated stores compared to 1,037 in Q4 FY16. The net revenue was below analysts' expectations of $1.15 billion.

During Q4 FY17, Coach's gross profit decreased 3.6% to $754.5 million from $782.7 million in Q4 FY16. For the reported quarter, the Company's adjusted gross profit decreased 3.3% to $756.8 million from $782.9 million in Q4 FY16. For the reported quarter, the Company's gross margin decreased 130 basis points to 66.8% of revenue from 68.1% of revenue in Q4 FY16. During Q4 FY17, Coach's adjusted gross margin decreased 110 basis points to 67% of revenue from 68.1% of revenue in Q4 FY16.

For the reported quarter, the Company's selling, general, and administrative (SG&A) expenses decreased 15.7% to $561.5 million from $665.9 million in Q4 FY16. During Q4 FY17, Coach's adjusted SG&A expenses decreased 5.1% to $577.3 million from $608.1 million in Q4 FY16.

For the reported quarter, Coach's operating income increased 65.2% to $193 million from $116.8 million in the same quarter last year. For the reported quarter, the Company's adjusted operating income increased 2.7% to $179.5 million from $174.8 million in Q4 FY16. During Q4 FY17, Coach's operating margin increased 690 basis points to 17.1% of revenue from 10.2% of revenue in Q4 FY16. During Q4 FY17, the Company's adjusted operating margin increased 70 basis points to 15.9% of revenue from 15.2% of revenue in Q4 FY16.

During Q4 FY17, Coach's net income increased 86.1% to $151.7 million on a y-o-y basis from $81.5 million in Q4 FY16. For the reported quarter, the Company's adjusted net income increased 12.4% to $141.7 million on a y-o-y basis from $126.1 million in Q4 FY16. For the reported quarter, the Company's diluted EPS increased 82.8% to $0.53 on a y-o-y basis from $0.29 in Q4 FY16. During Q4 FY17, Coach's adjusted diluted EPS increased 11.1% to $0.50 on a y-o-y basis from $0.45 in Q4 FY16. The adjusted diluted EPS surpassed analysts' expectations of $0.49.

Balance Sheet

As on July 01, 2017, Coach's cash and cash equivalents increased 133.3% to $3.08 billion from $1.32 billion in Q4 FY16.

During Q4 FY17, the Company's inventories increased 2.3% to $469.7 million from $459.2 million in Q4 FY16.

For the reported quarter, Coach's accounts payable increased 4.2% to $194.6 million from $186.7 million in Q4 FY16. During Q4 FY17, the Company's long-term debt increased 83.5% to $1.58 billion from $861.2 million in Q4 FY16.

During Q4 FY17, the Company's cash provided by operating activities increased 30.1% to $324 million from $249 million in Q4 FY16. For the reported quarter, Coach's free cash flow was $223 million compared to $129 million in Q4 FY16.

Outlook

For FY18, Coach expects revenue to be in the range of $5.8 billion to $5.9 billion and diluted EPS to be in the range of $2.35 to $2.40. The Company projects interest expense to be $90 million for fiscal 2018.

Stock Performance

Coach's share price finished last Friday's trading session at $41.97, slightly advancing 0.65%. A total volume of 2.52 million shares have exchanged hands. The Company's stock price rallied 10.39% in the past six months and 9.33% in the previous twelve months. Additionally, the stock surged 19.85% since the start of the year. Shares of the Company have a PE ratio of 20.08 and have a dividend yield of 3.22%. The stock currently has a market cap of $11.72 billion.

Pro-Trader Daily:

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Financials ($)
Sales 2018 5 862 M
EBIT 2018 1 006 M
Net income 2018 687 M
Finance 2018 210 M
Yield 2018 3,45%
P/E ratio 2018 16,63
P/E ratio 2019 14,69
EV / Sales 2018 1,87x
EV / Sales 2019 1,80x
Capitalization 11 193 M
Chart COACH INC
Duration : Period :
Coach Inc Technical Analysis Chart | COH | US1897541041 | 4-Traders
Technical analysis trends COACH INC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 49,3 $
Spread / Average Target 25%
EPS Revisions
Managers
NameTitle
Victor Luís Chief Executive Officer & Director
Todd Kahn President, Secretary, CAO & General Counsel
Olajide James Zeitlin Non-Executive Chairman
Kevin G. Wills Chief Financial Officer
Christine C. Putur Chief Information Officer & Executive VP
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