Coach, Harley-Davidson Each Beat by a Penny
Coach Inc. (NYSE: COH) and Harley-Davidson Inc. (NYSE: HOG) both offered small upside surprises in earnings in this morning’s quarterly reports, despite very different results. The upscale leather goods maker posted adjusted earnings per share (EPS) of $0.77 on revenues…
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The upscale leather goods maker posted adjusted earnings per share (EPS) of $0.77 on revenues of $1.16 billion. In the same period a year ago, the company reported EPS of $0.73 on revenues of $1.05 billion. The quarter’s results also compare to the Thomson Reuters consensus estimates for EPS of $0.76 and $1.16 billion in revenues.
Coach attributed the results in part to gains in North America and China. In addition, the board authorized the repurchase of up to $1.5 billion of its outstanding shares.
The iconic motorcycle giant posted earnings of $0.59 per share and sales of $1.09 billion. But in the year-ago period, the company reported EPS of $0.78 on $1.23 billion in revenue. The Thomson Reuters consensus estimates called for EPS of $0.58 and revenue of $1.12 billion.
The company said it incurred restructuring charges of $9.2 million during the quarter and now expects full-year restructuring costs of $35 million to $45 million. But that is down $5 million from the range previously given.
Coach shares are up more than 7% in premarket trading to $58.15. Its 52-week range is $48.24 to $79.70. Harley-Davidson shares are inactive in premarket trading but ended yesterday at $43.53 in a 52-week range of $34.39 to $54.32.
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Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.
Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.
Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.
Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.
