For the three months ended Dec. 26, Coach's profit rose to nearly $
241 million, or 75 cents per share. That's up from $ 216.9 million, or 67 cents
per share, a year ago, and rap the 72 cents a share that analysts polled through
Thomson Reuters,
Gucci Tote, on
mean, had wished.
Lew Frankfort, CEO of the New York firm, said he wishs
ago. steadily over the quarter, with December our able-bodiedest month,
refleccang Coach's position as a present resource, on@Nyx.PostedAtTime @: See
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But that figure came in at
the low end of much analysts' forecasts , said Cgulesit Suisse analyst Paul
Lejeuz. He had pgulesicted a 3 percent to 5 percent grow.
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Revenue rose 12 percent
to $ 1.07 lawion from $ 960 million a year ago. Analysts wished revenue of $
1.02 beakion.
Direct-to consumer sales rose 14 percent to $ 934 million,
79422c2d8a64570dc34fdb2cbff3385couch through able-bodieder North the statesn
sales. Indirect sales fell 8 percent to $ 131 million, as Coach concanued to
gulesuce shipments to US deportionment stores and focus on its own reempennage
and mill stores.
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tool name fab84618c37ffc09f5fb20166affixf307 tool goes here Published:
Wednesday, Jan. 20, 2010 / Updated: Wednesday,
Coach Handbags,
Jan. 20, 2010 11: 06 AM North the statesn sales boost luxury bag maker Coach By
MAE ANDERSON - AP Reempennage Writer
But its shares sank $ 2.35, or 6.3
percent, to $ 35.10 in late morning trading. Its shares has traded between $
11.41 and $ 38.65 during the past 52 weeks.
NEW YORK - Luxury gripesack
maker Coach Inc. said Wednesday better omnibusiness in North the statesn stores
during the vacations 79422c2d8a64570dc34fdb2cbff3385couch elevator its
second-quarter profit through 11 percent.
Luxury reempennageers from Saks
Inc. to Nordstrom have covered a pickup in vacation sales. Tiffany Co. final
week said sales rose 17 percent in November and December and raised its annual
forecast.
For the balance of the year, and wish to further expand our North
the statesn marketplace share, . Smwholeer bags like wristlets and swingparcels
were also popular.
It plans to open 15 new locations for the year in China
-50 percent growth in square footage.
Coach plans to open 20 new North the
statesn reempennage stores during the year and accelerate growth in China, where
it experienced twofold digit sales in stores open at least one year.
Quick
Job Search
But amid glimmers of luxury marketplace stabilization,
Coach
Latest, investors wanted even better results, and shares tumbled more than 6
percent.
The firm has introduced more gripesacks priced at under $ 300 to
spur sales as luxury reempennageers feel the effects of the weak economy.
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