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Stock Market & Financial Investment News

News For SINA;SOHU;BIDU;YUM;COH;SBUX From The Last 14 Days
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January 26, 2016
09:12 EDTCOHCoach sees N.A. comps improving throughout the year
09:11 EDTCOHCoach says "now is the time" to explore selling interest in Hudson Yards JV
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09:05 EDTCOHCoach experiencing strengthening in Chinese tourist spending in Japan, Europe
Says confident company will return to topline growth this FY as well as positive N.A. comps by Q4. Says seeing Stuart Weitzman gain traction internationally, seeing growth in Asia. Says on target to end the year with 40% of doors in new modern luxury format. Says "bullish" about prospects for global men's business, still targeting $1B in sales in 2017. Says had "record" Black Friday sales in North America. Says in store traffic trends improved in North America in Q2, though competitive pressures intensified and company responded with higher level of promotions than expected. Says expects to renovate about 60 modern luxury concept stores this year in North America. Says Hong Kong, Macau continue to be impacted by "dramatic" slowdown in inbound tourist traffic. Says "optimistic" on prospects for this market over the long-term despite short-term volatility. Still sees Chinese tourist as "increasingly large part" of business globally and says has experienced strengthening in Chinese tourist spending, particularly in Japan and Europe. Comments taken from the Q2 earnings conference call. Coach is up 4.55% in pre-market trading.
09:01 EDTCOHCoach moves higher after earnings beat
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06:49 EDTCOHCoach backs FY16 revenue growth of low-single digits
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06:48 EDTCOHCoach reports Q2 Coach Brand sales $1.18B, Stuart Weitzman sales $94M
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06:46 EDTCOHCoach reports Q2 non-GAAP EPS 68c, consensus 67c
Reports Q2 revenue $1.27B vs. $1.22B last year.
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