|Back to main|
Could Burberry’s Weak Q1 Signal Trouble for Coach and Ralph Lauren? (COH, RL)
7/11/2012 9:07:00 AM
Luxury retailers Coach, Inc. ( COH ) and Ralph Lauren Corp ( RL ) could be in focus for investors on Wednesday, following British luxury clothing maker Burberry's earnings miss.
Burberry posted weaker-than-expected fiscal first quarter earnings on Wednesday, sending its shares plunging nearly 8% in trading on the London Stock Exchange. Now speculation naturally turns to COH and RL, both of which produce luxury products in a similar class to Burberry.
Both Coach and Ralph Lauren shares were mostly flat in premarket trading Wednesday.
The Bottom Line
Coach, Inc. ( COH ) and Ralph Lauren Corp ( RL ) are both currently rated "Neutral" by Dividend.com.