By  on April 25, 2006

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.

For complete coverage, see tomorrow's WWD.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus