By
Reuters
Reuters
Published
Aug 2, 2011
Aug 2, 2011
Coach quarterly profit up on China, U.S. sales
By
Reuters
Reuters
Published
Aug 2, 2011
Aug 2, 2011
CHICAGO | Tue Aug 2, 2011 - (Reuters) - Upscale handbag maker Coach Inc (COH.N) posted a higher quarterly profit, helped by growth in China and other parts of Asia and robust sales in North America.
The company posted earnings of $202.5 million, or 68 cents a share, for the fourth quarter ended July 2, compared with $195.5 million, or 64 cents a share, a year earlier.
Sales rose 8.5 percent to $1.03 billion. Analysts on average forecast $1.01 billion, according to Thomson Reuters I/B/E/S.
(Reporting by Brad Dorfman; Editing by Lisa Von Ahn)
© Thomson Reuters 2024 All rights reserved.