Fur Products Enterprises Coach Quarterly Profit Up Sales Expected To Increase By 19%

On Tuesday, CoachInc. (COH), the largest seller of fur products in the United States, announced that its earnings in the past quarter increased by 8.3% over the same period last year, mainly thanks to the strong U.S. and overseas markets.

In the third quarter, Coach's net income increased to $162 million 400 thousand, or 46 cents a share, more than a year ago, earning 150 million dollars, or 40 cents a share, and sales grew 19% to $744 million 500 thousand.

According to FactSet's survey of analysts, they expect Coach to earn 46 cents per share and sales amount to 730 million 900 thousand dollars per share.

Coach said that due to the uncertainty of economic background, the company decided to wait until the end of the fourth quarter to make expectations for the performance prospects of the coming year.

At present, Coach is conducting a comprehensive assessment of all the ways in which its brand relates to consumers in order to reflect the characteristics of its store and product categories.

As for the overall performance in the 2008 fiscal year, Coach expects sales of about $3 billion 180 million and earnings per share of $2.06.

In addition, the company expects sales in the fourth quarter to increase to $780 million and earnings will be 50 cents per share.

The same store sales in the North American market increased by 9%, directly increasing the total sales volume to 20% to $578 million.

Coach said that since the beginning of this quarter, the company has only released the total sales volume of the retail department in North America comparable to the storefront and the storefront.

Sales in the Japanese market increased by 25%, and the sales rose by 12% without considering the impact of the yen / dollar exchange rate rise.

Non direct sales, including sales for us department stores, climbed 15% to $166 million.