So long as nobody steps up and pays a price for KATE that is anywhere close to the realm of what we’d consider ‘appropriate’, Coach will have pulled off the Retail ‘deal of the cycle’. This deal gives Coach an organic growth pillar for the next 3-5 years – something it has not had in well over a decade – at a price that is simply mind-boggling. Accretion should be near-immediate, and next year is likely to be well ahead of the guide/consensus. The ‘$4 in EPS power’ call is back in play for Coach. Is this a Best Idea? No… But it’s an Idea that we don’t think you should ignore.
More details at 11am on our COH/KATE presentation.
Call Details:
Time: Tuesday May 9th at 11AM EDT
Toll Free:
Toll:
UK: 0
Confirmation Number: 13662069
Video Link: CLICK HERE
