Pursuits
Coach Loses Luster With Coupons Cited in Quest for Share
This article is for subscribers only.
Wall Street is hedging its bets on Coach Inc. as the largest U.S. luxury handbag maker’s once-stellar growth falters.
Coach’s fiscal first-quarter earnings report tomorrow may show that adjusted per-share profit growth slowed to about 3.4 percent from 16 percent a year earlier, according to the average of 28 analysts’ estimates compiled by Bloomberg. Sales growth may ease to 10 percent from 15 percent, analysts project.