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August 5, 2014
09:13 EDTCOHCoach sees low double digit decline in FY15 constant currency, reported sales
Says priority for North America is restoring productivity, will close underperforming stores. Says will further develop outlet strategy. Sees global square footage up 2% in FY15 vs. up 7% in FY14. Says focus will be on remodels. Sees executing majority of retail store closures in 1H, sees outlet store closures taking place throughout the year. Sees footprint in department stores increasing "modestly" in FY15. Sees China sales of over $600M in FY15. Expects continuation of current trends in Japan. Sees incurring pre-tax charges of $250M-$300M associated with transformation plan. Says "strongly" committed to dividend. Sees FY CapEx $350M. Sees low double digit decline in constant currency, reported basis sales in FY15. Sees high teens comp decline in North America. Sees FY gross margin 69%-70%. Sees FY operating margin in the high teens. Sees FY tax rate around 32%. Says cash priorities include investing in business, strategic acquisitions, capital returns.
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October 1, 2015
10:51 EDTCOHCoach October and November puts active
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