Operating income increase of 9%

For the second fiscal quarter, Coach Outlet operating income totaled 381 million U.S. dollars, an increase of 9%, from 348 million U.S. dollars of coverage, in the same period last year, while operating margin was 35.8% and 36.3% of the annual report. In the third quarter, gross profit increased to 692 million U.S. dollars to 11% to 771 million U.S. dollars last year. Gross margin was 72.4% and 72.1%, a year earlier, reflecting the re-collection of the key projects to enhance our global and profitability of the factories and enterprises in North America, partially offset by a combination of channels. As expected, SG & A expenses in the percentage of Cheap coach handbags net sales increased to 36.6%, compared with 35.8% a year ago, the company reported a number of important and unusual grinding cost savings projects.

The Coach Patchwork Handbags company also announced the second quarter of this fiscal year, repurchase and retire the average cost of 35.03 U.S. dollars when the nearly 8.6 million of its common stock, spent a total of 300 million U.S. dollars. At the end of this period, 410 million U.S. dollars is still subject to the company's repurchase authorization.As of December 26 of 6 months, 2009, net sales of 1.83 billion U.S. dollars, an increase of 7%, from 1.71 billion U.S. dollars in fiscal year 2009, Poppy Coach Handbags the first 6 months. Net income amounted to 382 million U.S. dollars, up 5%, from 363 million U.S. dollars reported last year, while earnings per share increased by 8% from 1.10 U.S. dollars to 1.19 U.S. dollars.

Distribution of the second fiscal quarter sales of the main channel coaches, each of the following results:
Direct-to-consumer sales increased 14% to 934 million U.S. dollars Fashion Coach Bags from last year's 818 million . North America in the first quarter comparable store sales increased 3.2%. In Japan, sales decreased by 1 to 2% in constant currencies, the dollar sales growth of 7%, the yen strengthened drive. Sales remained strong in China, such as POS machine sales continued accompaniment to a double-digit growth. Coach Signature Handbags Indirect sales fell 8% in the second quarter to 131 million U.S. dollars from 143 U.S. dollars, while the reported million last year. This decrease mainly due to the volume entering the U.S. department stores reduced Chu, Yin Wei Gai company will continue to strictly manage the Qudao inventory in the POS machine Jiding the Xiaoshoushuiping. International POS machine sales growth in this period, especially in the position, but the focus of domestic consumption.

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