St. Jude and Coach released earnings this morning. Here's the link to St. Jude:http://investors.sjm.com/phoenix.zhtml?c=73836&p=irol-ne...Looks like they are in line on revenue and beat EPS expectations. Guidance for the coming year is above initial expectations as well. The stock is relatively flat today.One stock that is not relatively flat today is Coach. Here's the link to their release:http://www.coach.com/online/handbags/genWCM-10551-10051-en-/...So a slow holiday season contributed to misses on the top and bottom lines...no surprise the stock is paying the price today. But there are some positive takeaways here. They didn't capitulate on pricing which I think is a big deal. Other retailers can get away with doing that because they don't have to protect the brand to the degree that Coach does.CEO Lew Frankfort:“Over the last decade we have built Coach into a leading international accessories company with a loyal and highly engaged consumer franchise. Our customers recognize the Coach brand for its authenticity, innovation and relevance. We’re now transforming Coach into a global lifestyle brand, anchored in accessories. We’ve been strengthening our teams to enhance and build out the Coach experience through product, retail environments and integrated marketing communications. This comprehensive approach will continue to add excitement and cachet to the brand.”The two points I wanted to keep my eye on were gross margin and inventory levels. Gross margin stayed flat with the same quarter last year and inventories, while down about 2.15% from last quarter, were up from the same quarter last year by about 15% while sales only grew by about 4%. Just info worth knowing. I'll check out the call later.Foolish best,Jason
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