Did Coach Management Just Completely Mislead Investors?

Coach executives put forward their best efforts to sell investors on the company's turnaround following its latest challenging quarter. Rooted in elevating the brand’s perception in the marketplace by reducing promotions online and outlets, and introducing a modern luxury assortment, Coach apparently sees financial improvement ahead. However, there were a few things within the quarter and outlook that may render management’s guidance overly optimistic. Essentially, Coach may have setup investors for disappointment if first quarter sales and margins don’t show enough of a sequential rebound. Fresh off Coach's earnings call, Brian Sozzi reports.