Coach company's third-quarter earnings up 21%

COACH (Coach Inc.),High-end leather goods manufacturer recently released third quarter data show good sales quarter, thanks to the Chinese market, corporate earnings growth of 21%; At the same time, COACH will be raised 33% payout.
COACH, ushered in more than two years since the first period of earnings growth in North America due to the direct marketing methods in the North American market. Seasonal COACH further promote the the male product development, the company also opened in the United States and Japan specifically for men's products store. However, analysts pointed out that the global economic growth steady consumer For COACH consumption growth slowing down to a certain extent makes.
in the third quarter ending March 31 this year, COACH earnings reached $ 225 million, or earnings per share of 77 cents; same period last year the figure was profit of $ 186 million, earnings per share of 62 cents. Exclude tax adjustments and charitable donations, and other factors, seasonal COACH earnings per share of 62 cents. At the same time, COACH quarter sales reached $ 1.11 billion, an increase of 17%. Prior to Thomson Reuters survey forecast the result of a number of market analysts, COACH quarter earnings per share of 75 cents on revenue of $ 1.11 billion. COACH its consumer direct business sales growth of 18%, to $ 984 million; North America same-store sales growth of 6.7%. The seasonal COACH sales in Japan and China increased by 10% and 60%, respectively. company has
COACH vote on the company's cash dividend raised to 90 cents per share, from $ 1.2 per share, the company will start from July this year, the payment of dividends.