) stock is taking it on the chin Tuesday, 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 concerns regarding the brain drain at the top, with at least three top executives expected to be replaced.
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 as CEO by Victor Luis, head of international operations -- the very segment where Coach has seen great success.
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