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Coach Q1 sales jumps 14%
New York City -- Coach said Tuesday its first quarter profit increased 14% on strong demand for its products at home and abroad. Its results beat expectations and reflected the continuing strength of the luxury market.
Coach reported net income of $215 million for the three months ended Oct. 1, up from $188.9 million in the year-age period.
Revenue rose 15% to $1.05 billion, from $912 million a year ago. Same-store sales were up 9.2% in North America.