Coach now sees $1B in sales for men's in FY17, one year later than planned Says in store traffic continued to decline in Q4, but improved from Q3. Says Q4 North American direct sales declined 15% with SSS down 17%. Says online business dampened overall North America comp in Q4. Sees men's business growing faster than women's at about a 10% rate over next five years. Says "bullish" about prospects of men's global business, now sees $1B in sales in FY17, one year later than original target. Comments made on the Q4 earnings conference call.
Stocks with call strike movement; COH CF Coach (COH) May 40 call option implied volatility increased 2% to 30, CF Industries (CF) February 295 call option implied volatility increased 5% to 28 according to IVolatility.