[video] Quick Take: Coach's Disappointing Results Plagued by North American Weakness
NEW YORK (TheStreet) -- Coach
The company reported $1.06 in earnings per share, below analysts' expectations of $1.11, Umar said. Revenue rang in at $1.42 billion, 5.6% lower than year-ago figures and below analysts' estimates of $1.49 billion.
She added that sales in North America fell 9% to $983 million on lower store traffic. Worse yet, comp sales plunged 13.6% in the quarter.
But there was one bright spot in the earnings report: China.
Sales in the region jumped 25% during the period, Umar said, noting that considering the results, some investors may be relieved that shares only down about 7%.