NEW YORK — Coach Inc. began its new fiscal year exactly as it ended its last one — with the momentum of a runaway train.

The New York-based leather goods company said Tuesday that first-quarter net income continued to skyrocket, gaining 88.3 percent to $42.3 million, or 22 cents a diluted share, 4 cents ahead of most recent company expectations as well as the Wall Street consensus estimate. That compares to the $22.5 million, or 12 cents, the company earned in the first quarter of 2002.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus