Oct 23 Upscale leather goods maker Coach Inc
reported higher quarterly sales as business picked up at
its own stores in North America and there were large gains in
Overall revenue in the first quarter, which ended Sept. 29,
rose 10.6 percent to $1.16 billion, in line with Wall Street
analysts' projections, according to Thomson Reuters I/B/E/S.
Sales at its own stores in North America, still its biggest
market by far, rose 11 percent during the quarter. In China,
still a small market for Coach, sales at stores open a year rose
by a double digit percentage.
Net income in the quarter was $221.4 million, or 77 cents
per share, compared with $215 million, or 73 cents, a year