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Hedging transactions involving these securities may not be conducted unless in compliance with the Securities Act.
Second fiscal quarter results in each of the Companys reportable segments were as follows: Coach Second Quarter of 2018 Results: Net sales for Coach totaled.23 billion for the second fiscal quarter as compared.20 billion in the prior year, an increase.The actual amount of the re-measurement and deemed repatriation tax may differ from this estimate due to, among other factors, a change in interpretations of the applicable revisions to the.S.On a non-gaap basis, operating income totaled 92 million, while operating margin was.2.On a non-gaap basis, gross profit was 275 million, while gross margin was.3.The one-time items are the transition tax on escort 50 euros foreign earnings deemed to be repatriated of 315 million, net of the re-measurement benefit of the net deferred tax liabilities of approximately 102 million, or 213 million in the aggregate.Gaap TO NON-gaap reconciliation For the Six Months Ended December 30, 2017 and December 31, 2016 (in millions, except per share data) (unaudited) December 30, 2017 gaap Basis (As Reported) Operational Efficiency Plan (1) Integration Acquisition (2) Impact of Tax Legislation (3) Non-gaap Basis (Excluding.
Further, the non-gaap measures utilized by the Company may be unique to the Company, as they may be different from non-gaap measures used by other companies.
In addition, we are excited to announce the buyback of the Coach business in Australia and New Zealand from our distributor, with an expected closing in the third fiscal quarter.Net sales totaled.79 billion for the second fiscal quarter as compared.32 billion in the prior year, an increase of 35 on both a reported and constant currency basis.And for Kate Spade, our priority remains integration and executing the strategic initiatives to build the foundation for growth under the creative direction of Nicola Glass in FY19 and beyond.On a non-gaap basis, SG A expenses were 183 million and represented.1 of sales.These transactions are in keeping with our strategic priority to maximize the opportunity with Chinese consumers globally across our brands.




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