Coach (NYSE:COH) came out this morning and revealed that it had a "challenging" holiday quarter. Despite undeniable weakness in today's numbers, the knee-jerk reaction from the market feels a bit excessive. Coach's headaches seem much more the product of a weak retail environment than evidence of any sort of company deficiency.

Austin Smith owns shares of Coach and Crocs. The Motley Fool recommends Coach. The Motley Fool owns shares of Aeropostale, Coach, and Crocs. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.