Coach Earnings Soar
New York City, Based on its strong second-quarter results, Coach Inc. is hotter than ever. For the three months ended Dec. 31, net income jumped 37.2% to $174.2 million or 45 cents a diluted share, from $126.9 million, or 32 cents a diluted share, in the year-ago quarter. Sales rose 22.3% to $650.3 million from $531.8 million. Same-store retail sales increased 19.9% (with regular-priced same-store sales up 12.8%, and factory-outlet units up 30.2%).