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Coach reports higher quarterly profit

Tue Oct 23, 2007 7:08am EDT

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NEW YORK, Oct 23 (Reuters) - Handbag and accessories maker Coach Inc (COH.N) reported higher quarterly profit on Tuesday, helped by strong demand for its fall products, including the new Ergo line of handbags.

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Coach said net income for its fiscal first quarter ended Sept. 29 was $154.8 million, or 41 cents per share, compared with $125.6 million, or 34 cents per share, a year earlier. (See here for "Shop Talk" -- Reuters' retail and consumer blog) (Reporting by Aarthi Sivaraman)

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