Coach Net Climbs 8 Percent

Sales advance 19 percent in third quarter as North American same-store sales leap 9 percent.

Coach Inc. posted an 8 percent jump in third-quarter earnings, buoyed by a boost in North American sales.

For the three months ended March 29, earnings reached $162.4 million, or 46 cents a diluted share, up from $150 million, or 40 cents, in the year-ago period. Sales for the quarter rose 19 percent to $744.5 million from $625.3 million, with total North America same-store sales growing 9 percent.

In the nine-month period, earnings increased 13 percent to $569.5 million, or $1.56 a diluted share, from $503.1 million, or $1.34, last year. Sales swelled 22 percent to $2.4 billion from $1.96 billion.

The company reiterated its full-year guidance of earnings per share of $2.06.

For complete coverage, see Wednesday’s issue of WWD.

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