Tuesday, April 24, 2007

Coach 3rd-quarter profit rises on new products

(Reuters) - NEW YORK, April 24 - Handbag and accessories maker Coach Inc. said on Tuesday that quarterly profit rose 38 percent, helped by new handbag styles and the launch of a fragrance.

Coach, which also sells handbags, accessories, travel products and shoes, posted net income of $150 million, or 40 cents per share, for its fiscal third quarter, ended March 31, compared with $108.8 million, or 28 cents per share, a year ago.


Read more at Reuters.com Market News

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