Strategy: builds on the core brand equities of quality and craftsmanship with the aim of evolving competitive value proposition
within handbags and accessories, as well as in the broader set of lifestyle categories been less developed, including footwear and ready-to-wear.

Coach operates in three segments: North America (Coach brand), International (Coach brand), and Stuart Weitzman. The Stuart Weitzman segment
includes worldwide sales generated by the Stuart Weitzman brand.

Coach is focused on four key initiatives, which directly align with the Coach brand:
• Grow business in North America and worldwide
• Leverage the global opportunity for Coach by raising brand awareness and building market share where the Coach brand is underpenetrated
• Focus on the Men’s opportunity for the brand
• Harness the growing power of the digital world

Growth is Stable+:
Coach reported improvement in comparable-store sales in Q3. Broad-based strength in the revenue continued in the recent quarter.
The company is moving from a more defensive posture in its transformation to an aggressive posture of strength but continues to struggle with maintaining profitability.
Lower margins are seen across the board. Nevertheless, gross, opearting and net margins are still high and it is obvious they will be lower going forward.

Profitability is Stable-:
Given the company’s sharp decline in ROE and ROA during the lasr fiscal year, there is a reasonable basis to expect nearly the same levels this fiscal year.
Additionally, taking into account Free cash flow margin, it seems that it is still to early to bet on the potential upside at Coach.
The company is going to have a tough road to sustainable profitability.

Financial health is High-:
Coach’s solvency ratios are all favorable, including debt to equity, debt to assets and leverage.
These ratios indicate the company’s ability to meet its debt and other obligations.