Coach (TPR 1.77%) stock is taking it on the chin today, falling nearly 10% at the low as investors react to the company's fourth-quarter earnings report.
Profit for the quarter was down 12%, and the company missed analysts' expectations on sales but met them on earnings. Coach is facing some headwinds in the North American market, but continues to see success internationally; sales in China soared 35%. However, there are worries regarding the brain drain at the top.
Motley Fool analyst Jason Moser explains that as a Coach shareholder himself, he's not concerned. Coach's longtime CEO, Lew Frankfort, will be staying on as chairman. He'll be replaced by Victor Luis, head of international operations -- the very segment in which Coach has seen great success.
Editor's note: Coach reported earnings this morning, not yesterday as stated in the video. The Fool regrets the error.
