This morning, Coach (NYSE:COH) reported fiscal second quarter earnings of $297.4 million, or $1.06 per share, as net sales fell to $1.42 billion. The company missed Wall Street estimates on both the top and bottom line, sending shares lower on Wednesday morning. While Coach did see international sales climbed by 11% in the quarter, investors were focused on domestic sales which revealed a 13.6% decline from stores open more than a year. The company said tougher competition and declining store traffic were to blame for the dismal results. Shares of Coach were lower today, falling 6.1% so far.
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