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Coach not losing cool factor

Investor's Business Daily

The luxury handbags and leather goods maker said EPS rose 6% to 77 cents, a penny above estimates. Revenue grew 11% to $1.16 bil, in line with forecasts, on strong same-store sales in key markets, CEO Lew Frankfort said. Nomura Securities analyst Paul Lejeuz said Coach's (COH) results show the brand is still popular. "We believe the acceleration in the U.S. (comparable store sales) last quarter will allay fears that the COH brand is losing momentum," he said in a client note. Shares rose 7.4% to 58.15.