The Buzz
Coach stock surges after earnings
April 23, 2013: 12:01 PM ETClick the chart to track shares of Coach.
Coach is back in the game! Shares of the luxury handbag maker jumped 10% Tuesday after the company blew past earnings and revenue expectations thanks to solid sales growth around the world.
Overall revenue climbed 7% during the fiscal third quarter to $1.19 billion, with sales rising 7% in North America and 6% in international markets. Sales in China were among the strongest, climbing a whopping 40%.
"We're pleased with...the progress we're making toward out transformation to a global lifestyle brand, anchored in accessories," said Coach CEO Lew Frankfort.
Shareholders were also pleased as Coach (COH) announced that it will increase its annual dividend by 13% to $1.35 a share.
As Coach shares recovered to their highest levels in January, other luxury retailers were also taking off. Shares of Michael Kors (KORS) were up almost 4%, while shares of Ralph Lauren (RL) and Vera Bradley (VRA) rose more than 2%.
Coach's strong results gave traders on StockTwits plenty to talk about.
Raskol25
$NFLX Forget $KORS...$COH is where it's happening...they were in oversold territory forever while "analysts" bashed them--now what!
Coach and Michael Kors may be in fashion, for now, but Netflix (NFLX) also is flying high as the S&P 500's best-performing stock so far this year.
Shares of Netflix were up almost 25% Tuesday, after the company handily beat earnings forecasts, a sign that its original series "House of Cards" is paying off. And Netflix, like Coach, was a stock that many analysts and investors had left for dead not that long ago.
MarketMaker
It seems like every other earnings report they miss and beat. $COH huge gaps/moves both ways
That's a good point. In January, Coach shares tumbled 16% on the day the company's quarterly sales missed forecasts due to "challenging" holiday sales. And despite Tuesday's big rally, shares are still more than 10% below their highest point of the year, and almost 30% short of its 52-week high from last May.
But for the most part, traders are optimistic that Coach's results for the latest quarter are a sign of strength for the entire luxury retail market, particularly Kors and Ralph Lauren.
ivanhoff
If Coach is doing well, Michael Kors should be killing it. Market expectations there are lot higher though $KORS
TrueChartTrader
$KORS $COH results points to strong north american growth for $KORS. expect 28 to 40% kind of same store sales increase.
retail_guru
Coach is still losing share but improvement in comp suggests healthy handbag category & overall upscale spend $COH $RL $KORS
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Pepsi and Coke pass investors' taste test
It's been a good week to be in the soda business.
While the debate over whether Pepsi or Coke taste better will probably go on forever, there's no denying the beverage companies have fairly healthy balance sheets.
PepsiCo and Coca-Cola both reported better-than-expected earnings this week, proving to investors that consumers still like their soda (or pop if you're from the Midwest) and snacks.
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Caterpillar reported a sharp drop in sales to its worldwide network of dealers Wednesday, sparking a sell-off in its stock and raising worries of a global slowdown for the construction industry.
Shares of Caterpillar (CAT), which makes heavy construction equipment, dropped nearly 2%, even as the Dow Jones industrial average hit a new intraday record high.
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Gap stock spikes after strong sales report
Shares of Gap Inc. jumped after the apparel company reported healthy sales growth in February.
Gap (GPS) stock was briefly halted after the numbers were inadvertently released ahead of schedule due to a "vendor error," according to a Gap spokesperson. Shares rose 3% after trading resumed.
The report was set to be released after the market closed, but a transcript of a pre-recorded conference call detailing the sales growth was accidentally MORE
Ben Rooney - Mar 7, 2013 2:31 PM ET -
Walmart's double whammy pressures stock
A double whammy for Walmart Friday.
First Reuters reported that Walmart's U.K. arm, Absa, said it found horsemeat in the beef bolognese (and three other sauces) it sells.
As if that wasn't enough, a research note warning of a sales slowdown was enough to spook investors.
Shares of Walmart fell 2% in early trading. But the stock tumbled nearly 4% later in the day after Bloomberg reported there were emails from Walmart execs MORE
Catherine Tymkiw - Feb 15, 2013 12:31 PM ET -
JC Penney ensnared in hedge fund games?
JC Penney's latest tangle has many folks speculating about whether there's another hedge fund battle brewing.
The retailer said it received a Notice of Default from law firm Brown Rudnick, which claims to represent an "ad hoc" group who hold more than 50% of JC Penney's bonds due in 2037.
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Catherine Tymkiw - Feb 5, 2013 12:33 PM ET -
Facebook investors react ... on Twitter
Facebook beat fourth-quarter earnings and revenue estimates, and improved mobile ad sales, but investors weren't all that impressed.
Facebook (FB) stock tanked 10% within minutes in after-hours trading following the earnings release. But the stock nearly fully recovered before edging lower again as CEO Mark Zuckerberg, CFO David Ebersman and COO Sheryl Sandberg answered questions from analysts on a conference call. Shares were down 4% at the conclusion of the call, MORE
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Even dollar stores find it hard to make a buck
Retailers have had a rough time lately, what with Superstorm Sandy, a sluggish economy and overall weak holiday sales.
You'd think dollar stores would be the exception. Not today.
Family Dollar missed earnings-per-share estimates by 6 cents a share and said profits the current quarter and full year would come in below forecasts. The company, which sells everything from baby care to home goods, blamed a worsening macro environment for ratcheting MORE
Catherine Tymkiw - Jan 3, 2013 2:01 PM ET -
Barnes & Noble stock surges on Nook deal
Barnes & Noble is having a good end to the year, thanks to the gift that keeps on giving -- the Nook.
British book publisher Pearson (PSO) said Friday that it would pay nearly $90 million in cash for a 5% stake in Barnes & Noble's Nook division. Microsoft (MSFT) already owns a 16.8% stake, leaving Barnes & Noble with 78.2%.
That was enough to offset any disappointment over Barnes & MORE
Catherine Tymkiw - Dec 28, 2012 1:52 PM ET -
Bah humbug! Retailers feel the pinch
Retailers who were hoping for some holiday cheer have found coal in their stockings this year.
According to MasterCard's (MA) SpendingPulse report, retail sales leading up to Christmas rose a paltry 0.7% from last year, which wasn't exactly a stellar year for retailers either. And it was far below the 3% to 4% analysts had expected.
It's been a couple of tough months for retailers, no thanks to Superstorm Sandy. Sales fell MORE
Catherine Tymkiw - Dec 26, 2012 12:26 PM ET
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