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Coach reports 24% rise in Q4 net profit

Aug. 1, 2012 (China Knowledge) - U.S.-based Coach Inc, a leading New York design house of handbags and modern fashion accessories, has announced that its net profit rose 24% YoY to US$251 million in the fourth fiscal quarter.

The company's sales grew 12% YoY to US$1.16 billion in the quarter.

In the fiscal year ended Jun. 30, 2012, Coach saw its net profit increase 18% YoY to US$1.04 billion. Diluted earnings share were US$3.6 in the year.

The company realized US$4.76 billion in sales in the fiscal year, 15% more than in the previous fiscal year.

As of the end of the June, Coach had 354 retail stores and 169 factory stores in North America, 96 stores in China, 187 in Japan, 27 in Taiwan and seven in Singapore.

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