Coach, Inc. – Company Information

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Coach, Inc. is an American company that focuses on the production and marketing of “fine accessories and gifts”.

Its products include: handbags, women’s and men’s accessories, footwear, business cases, jewelry, wearables, travel bags, fragrances and watches. Women’s handbags and accessories accounts for the majority of the company’s revenue.

Coach was founded in 1941 and began as a family-run workshop in a Manhattan loft.

In June 2000, Coach was incorporated in the state of Maryland and that same year the company went public on the New York Stock Exchange (NYSE), under the stock ticker symbol ‘COH’.

The company uses a cost-effective global sourcing model, in which independent manufacturers supply its products.

Coach claims that its products use “high quality leathers, fabrics and materials”.

It operates in two reportable segments: North America and International:

North America – comprised of direct-to-consumer and indirect channels (through company-operated stores, including the internet, and sales to wholesale customers and distributors), with stores located in regional shopping centers and metropolitan areas throughout the U.S. and Canada.

International – comprised of sales to consumers through Company-operated stores in Japan and mainland China, including the Internet, Hong Kong, Macau, Singapore, Taiwan, Malaysia and Korea and sales to wholesale customers and distributors in 25 countries.

Overview

Coach_logo

  • CEO: Victor Luis
  • Chairman: Lew Frankfort
  • Type: Public
  • Industry: Luxury Goods
  • Listed on the New York Stock Exchange (NYSE)
  • NYSE stock ticker symbol: COH
  • S&P 500 Component
  • Revenue: $5.075 billion USD (2013)
  • Net income: $1.034 billion USD (2013)
  • Diluted earnings per share: $3.61 USD (2013)
  • Employees: 75,000 (approximately)
  • Corporate headquarters: 516 West 34th Street, New York, NY 10001, USA
  • Corporate contact number: (212) 594-1850
  • Website: http://www.coach.com


Operating data (in $ thousands) 2013 2012
Net sales $5,075,390 $4,763,180
Cost of sales $1,377,242 $1,297,102
Gross profit $3,698,148 $3,466,078
Selling, general and administrative expenses $2,173,607 $1,954,089
Operating income $1,524,541 $1,511,989
Interest income $2,369 $720
Other expense $(6,384) $(7,046)
Income before provision for income taxes $1,520,526 $1,505,663
Provision for income taxes $486,106 $466,753
Net income $1,034,420 $1,038,910
Comprehensive income $971,699 $1,034,474
Balance sheet data (in $ thousands)
Total assets $3,531,897 $3,104,321
Total liabilities $1,122,739 $1,111,390
Total stockholders’ equity $2,409,158 $1,992,931
Cash flow data (in $ thousands)
Net cash provided by operating activities $1,413,974 $1,221,689
Net cash used in investing activities $(570,500) $(259,426)
Net cash used in financing activities $(689,106) $(741,881)
Cash and cash equivalents at end of year $1,062,785 $917,215
Common share data (in $)
Basic earnings (loss) per common share $3.66 $3.60
Diluted earnings (loss) per common share $3.61 $3.53

Source: “Coach, Inc. 2013 Form 10-K Annual Report”


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