I'm not surprised they had good results.. The stores were packed during the holidays and even on Dec. 26 when everyone else was having sales, Coach was selling full-price and the stores were full of people.
More Quotes from Christine Chen:
The luxury customer is still out there. Going into 2006 the luxury customer will continue to shop if the fashion and product are right.Christine Chen
Investors were looking for even more. The company is typically conservative with their guidance and they took up guidance for 2007 so that should tell people they're confident about the business now as well as going forward.
Christine Chen
I look at it favorably if they have a well-managed outlet policy, but you don't want the outlet driving the growth. But not to be in this market is a mistake since it's an important customer and a different demographic.
Christine Chen
The No. 1 concern is merchandise -- they gotta fix the merchandise. They gotta get people to think the merchandise is cool again.
Christine Chen
We think Gap will at least meet our fourth-quarter earnings per share estimate of 40 cents per share, which is a penny above consensus.
Christine Chen
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