Coach (TPR 0.03%) plunged in pre-market trading on news of a "challenging" holiday quarter. The company is seeing a constricted consumer, waning appetite for aspirational purchases, and tough competition. It's the same environment that caused Crocs (CROX 1.47%) to sell off nearly 10% just the other day. However, all may not be lost. Today's sell-off seems extreme given the specifics of the earnings, and digging deeper, there are still reasons to be optimistic on Coach today.
Editor's note: At the 30-second mark, Austin meant to say "Crocs," not "Coach." The Fool regrets the error.
