Coach Quarterly Profit

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Coach Quarterly Profit

Post by poppycoachbags on Fri Oct 29, 2010 5:59 am

Coach Company (COH.N) reported higher than expected Coach Outlet quarterly profit , its shares hit a three-year high grade leather product manufacturers have a strong sales at home and abroad, and said it expected strong growth of 19.7 million vacation results.Sales $911.7 million from commercial to promote the department stores in the United States increased, especially for the handbags, and in Western Europe and China, which coach is relatively new market.

Even in the mature North American market, shop at least a year rose 8.5 per cent better than expected in the first quarter, passenger traffic rebounded, reversing a slowdown in the fourth quarter of last year, investors were shocked. "People's attention to their coaches a lot of Cheap coach handbags sales in the United States - luxury car market has emerged, this year, it just is not reflected in the stock price, said:" Morningstar analyst Paul Swinand, and pointed out that, Coach shares have been involved in the U.S. more moderate decline in economic growth in previous quarters.

Coach shares rose in afternoon trading in the $ 5.46, or 12.2 percent at $ 49.89, and their level reached in September last year 2007.Despite surge in the stock market, analysts still believe that this is the value of the shares in the bus. Wall Street Strategies analyst Brian Sozzi said, the stock market still rise by at least fifteen percent in the next 12 to its potential months.Buoyed 18 quarter, the company slightly raised the holidays, Coach Poppy the rest of North America's same-store sales the amount of expected this fiscal year, and said that with Wall Street analysts called the company now expects an increase in the medium term as a percentage from the low to mid single digits.

Coach announced first-quarter net income as of October 2 一$188.9 million, or 63 cents per share, an increase of 34 percent, from a $140.8, or 44 cents per share, the average annual earlier.Analysts had expected 55 cents per share on $846.8 million, Coach Bags according to Thomson Reuters,I/B/E/S. Gross profit margin increased by 1.9 percentage points to 74.2 percent in the first quarter, mainly for the benefit of the cost of leather from a year ago, when the coach to buy some materials.

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