SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): April 24, 2007
Coach, Inc.
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(Exact name of registrant as specified in its charter)
Maryland 1-16153 52-2242751
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(State of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
516 West 34th Street, New York, NY 10001
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(Address of principal executive offices) (Zip Code)
(212) 594-1850
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(Registrant's telephone number, including area code)
Item 2.02: Results of Operations and Financial Condition.
On April 24, 2007, Coach, Inc. (the "Company") issued a press release (the
"Press Release") in which the Company announced its financial results for its
fiscal quarter ended March 31, 2007. All information in the press release is
being furnished to the Securities and Exchange Commission and shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934
(the "Exchange Act") or otherwise subject to liability under that section, nor
shall it be deemed incorporated by reference in any filing under the Securities
Act of 1933, as amended, or the Exchange Act, except as expressly set forth by
specific reference in such a filing.
The attached press release includes the following Non-GAAP financial
information:
o The Company's net sales, net income and earnings per share have been
presented (for the fiscal quarter and nine-month period to date in the
current and prior fiscal year) both with and without the contribution
of operations that were discontinued during the fiscal quarter.
o Direct-to-consumer sales for Japan have been presented both including
and excluding currency fluctuation effects from translating Japanese
yen-denominated sales into U.S. dollars for the quarter and compared
to the same quarter in the prior fiscal year.
The Company believes that it is appropriate to present this supplemental
information, for the following reasons:
o Presenting information as described above will allow investors to
better understand the Company's continuing operating and financial
results and how such results compare with the Company's prior
guidance.
o Presenting the sales, income and earnings information both with and
without the contribution of discontinued operations will allow
investors to more clearly understand the impact on the Company's
operating results of discontinuing these operations; to further
clarify this impact, a "supplemental information" table is also
included in the press release, showing the pro forma impact on net
sales, net income and earnings per share from discontinued operations
during each of the last seven fiscal quarters.
o Presenting Japan sales both including and excluding currency
fluctuation effects will help investors and analysts to understand the
increase in net sales over the prior-year periods on a
constant-currency basis, a valuable measure of relative sales
performance in the Company's markets.
Item 9.01: Financial Statements and Exhibits.
(c) Exhibits. The following exhibit is being furnished herewith:
99.1 Text of Press Release, dated April 24, 2007
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: April 24, 2007
COACH, INC.
By: /s/ Carole P. Sadler
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Carole P. Sadler
Senior Vice President, General Counsel
and Secretary
EXHIBIT INDEX
99.1 Text of Press Release, dated April 24, 2007