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Coach Ventures Into Jewelry, Fragrance

Coach Inc. is planning on introducing jewelry offerings next year, as well as a foray into the fragrance.

NEW YORK — Coach Inc. is planning on introducing jewelry offerings next year, as well as a foray into the fragrance business “within the foreseeable future.”

Those disclosures were made by Coach chairman and chief executive officer Lew Frankfort Tuesday during a conference call to Wall Street analysts on the company’s third-quarter results.

For the three months ended April 1, the company posted a 34.6 percent jump in income to $108.8 million, or 28 cents a diluted share, from $80.9 million, or 21 cents, in the same year-ago period. Sales rose 19.7 percent to $497.9 million from $415.9 million.

For the nine months, income rose 40.1 percent to $376.6 million, or 96 cents a diluted share, from $268.8 million, or 69 cents, a year ago. Sales gained 23.6 percent to $1.60 billion from $1.29 billion.

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