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TABLE OF CONTENTS
COACH, INC.
Quarterly Financial Data
(dollars and shares in thousands, except per share data)
(unaudited)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Fiscal 2010(1)
Net sales $ 761,437 $ 1,065,005 $ 830,669 $ 950,525
Gross profit 550,178 770,939 615,575 696,999
Income from continuing operations 140,827 240,950 157,636 195,527
Income from discontinued operations — — — —
Net income 140,827 240,950 157,636 195,527
Net income per common share:
Basic 0.44 0.76 0.51 0.65
Diluted 0.44 0.75 0.50 0.64
Fiscal 2009(1)(2)
Net sales $ 752,529 $ 960,256 $ 739,939 $ 777,744
Gross profit 558,193 692,036 525,063 547,318
Income from continuing operations 145,811 216,906 114,859 145,793
Income from discontinued operations — — — —
Net income 145,811 216,906 114,859 145,793
Net income per common share:
Basic 0.44 0.67 0.36 0.46
Diluted 0.44 0.67 0.36 0.45
Fiscal 2008(1)(3)
Net sales $ 676,718 $ 978,017 $ 744,522 $ 781,500
Gross profit 518,221 737,272 558,318 593,292
Income from continuing operations 154,786 252,317 162,412 213,524
Income from discontinued operations 20 — (4) —
Net income 154,806 252,317 162,408 213,524
Basic earnings per common share:
Continuing operations 0.42 0.70 0.47 0.63
Discontinued operations 0.00 — (0.00) —
Net income 0.42 0.70 0.47 0.63
Diluted earnings per common share:
Continuing operations 0.41 0.69 0.46 0.62
Discontinued operations 0.00 — (0.00) —
Net income 0.41 0.69 0.46 0.62
(1) The sum of the quarterly earnings per share may not equal the full-year amount, as the computations of the weighted-average number of
common basic and diluted shares outstanding for each quarter and the full year are performed independently.
(2) The reported results for the third quarter of fiscal 2009 include a net charge of $8,286, or $0.03 per share which affects the
comparability of our reported results. Excluding this net charge, income from continuing operations and diluted earnings per share from
continuing operations were $123,145 and $0.38 per share, respectively. The $8,286 net charge represents cost savings initiatives. The
reported results for the fourth quarter of fiscal 2009 include a net benefit of $9,527, or $0.03 per share. Excluding this net benefit,
income from continuing operations and diluted earnings per share from continuing operations were $136,266 and $0.43 per share,
respectively. The $9,527 net benefit represents a favorable
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