Coach reported a 3 percent increase in first-quarter profits as the luxury accessories retailer’s results were powered by strong sales in the US and overseas, particularly China. It also said its board authorized the repurchase of up to $1.5 billion of its outstanding stock by June 30, 2015. Net income was $221.4 million, or 77 cents per share, compared with $215 million, or 73 cents, a year earlier.
Coach Inc. powered by strong sales in US, overseas
You have reached the limit of 10 free articles a month
Stay informed with unlimited access to Boston’s trusted news source.
- High-quality journalism from the region’s largest newsroom
- Convenient access across all of your devices
- Today’s Headlines daily newsletter
- Subscriber-only access to exclusive offers, events, contests, eBooks, and more
- Less than $1 a week