A closer look at Coach's 1Q results

AP News
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Posted: Oct 26, 2010 12:04 PM

Luxury handbag maker Coach Inc. reported fiscal first-quarter net income rose 34 percent, ahead of expectations, on strong demand for its products in the U.S. and overseas. Here's a closer look at results:

TOTAL REVENUE: Up 20 percent to $911.7 million.

Direct-to-consumer revenue (from Coach stores and online purchases): Up 19 percent to $775 million.

Indirect revenue (Wholesale orders form U.S. department stores and international distributors): Up 27 percent to $136 million.

REVENUE AT STORES OPEN AT LEAST A YEAR:

North America: Up 8.5 percent.

Japan: Up 3 percent, or 14 percent adjusted for the stronger yen.

China: Up in the double digits.