Coach Inc (COH) designs, produces and markets high quality hand bags, business cases, luggage, leather outer wear and men’s and women’s accessories.
The company has grown profits 30%+ annually for the last ten years earnings a 40%+ return on equity. Its dividend has grown from $.08 in 2009 to an expected $1.12 in 2012. COH was not immune to the declines in consumer spending in 2007-2009; however, as the economy has improved, it has benefited from:
(1) improving comparable store sales and rising margins due to:
(a) product innovation,
(b) a market savvy pricing strategy,
(c) effective cost control program.
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