Sales Rise 33% at Coach

Share this content:
Accessories marketer Coach Inc., New York, bagged a 33 percent jump in net sales during its second fiscal quarter ended Dec. 27.

The total reached $411.5 million compared with the $308.5 million posted for the same period in the prior year. Net income also was up, rising 53 percent to $95.4 million compared with $62.4 million in the previous year. Also in the quarter, gross profit experienced a 41 percent bounce to $305.1 million from $216.8 million a year ago.

In addition, for the six months ended Dec. 27, net sales totaled $669.9 million, up 34 percent from $501.3 million in the first six months of fiscal 2003. Net income rose to $137.8 million, up 62 percent from $84.9 million a year ago.

Fiscal second-quarter results include direct-to-consumer sales -- which include catalog and e-commerce results but consist mainly of sales at U.S. Coach stores -- increased 24 percent to $237.1 million from $191.5 million last year. Comparable-store sales for the quarter rose 13.7 percent, with retail stores up 16.4 percent and factory store sales up 9.4 percent.

In other news, net revenue and operating income were up significantly at eBay for the fourth quarter and full 2003 year, the company announced yesterday.

EBay's net revenue for the fourth quarter was up 57 percent year over year, while operating income climbed 78 percent. Net revenue for the full year was up 78 percent from 2002. Net income for 2003 jumped 77 percent.


Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above