It’s been a long downward spiral for leather fashion designer Coach (NYSE: COH), but the company may finally be turning things around. It reported earnings on April 26 and posted solid growth. Despite the reassuring numbers, though, Coach stock hasn’t responded in kind. What does the company need to do to get the stock on an upward trajectory and restore investor confidence?
After reaching a peak in 2013, Coach has seen revenues and profits steadily decline. Here’s a chart depicting the trend: