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Non-Tech : Coach, Inc. (COH)

COH 39.90

-0.9%

Oct 30 5:00 PM EST

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From: JakeStraw	8/24/2005 9:29:23 AM
	of 2

Coach sees bigger profit biz.yahoo.com Wednesday August 24, 9:07 am ET CHICAGO (Reuters) - Coach Inc. (NYSE:COH - News) on Wednesday said quarterly profit would likely beat expectations, and three top executives including its chairman had signed extensions to stay with the company through August 2011. The company, which designs and sells handbags and accessories, said earnings in the first quarter ending Oct. 1 would reach at least 25 cents per share on sales of at least $445 million. Analysts, on average, expected 24 cents per share, according to Reuters Estimates. The upbeat forecast comes after several retailers, including Wal-Mart Stores Inc. (NYSE:WMT), warned of weak demand as soaring energy prices curb consumer spending. Luxury stores are largely immune because their higher-income customers are less sensitive to rising energy costs. For the full year, Coach expects earnings of at least $1.25 per share on sales of about $2.1 billion. "We have seen robust sales continue throughout the summer and into the start of the fall season," Chairman and Chief Executive Lew Frankfort said in a statement.

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