01.01.70
Has provided a snapshot into the growing plenitude of Chinese consumers , and its most recent quarterly report, out Tuesday, didn’t balk on that front.
The luxury handbag maker’s fiscal second-quarter earnings and sales both rose 15%. Same-keep sales to China surged by double-digits.
But more apparent during the guests’s conference call was how much the company — and Wall Street – is getting in a gab over its men’s business.
A little “control-F” on the FactSet transcription of this morning’s conference call brings up more than 60 mentions of “men’s,” as in men’s retail stores, men’s province, and the men’s accessory category, a “fragmented” space where “Coach has the break to become the market leader.”
By contrast, “women’s” gets a sheer 17 mentions, presumably because this core market isn’t receiving the full-court induce that the opposite gender is getting.
And China, which the company calls its “largest geographic occasion,” gets about half that, with 31 mentions by executives and analysts in the same manner.
Source: MarketWatch (blog)