Coach profit rises 15% in Q2

New York City -- Coach Inc. reported Tuesday that net earnings for the quarter ended Dec. 31 rose 15% to $347.5 million, compared with $303.4 million in the year-ago period.

Sales increased 15% to $1.45 billion, beating Wall Street’s expected $1.43 billion in revenue.

Same-store sales rose 8.8% in North America.

"We've experienced strong response to our new collections and our pricing and assortment strategy continue to resonate with consumers world-wide," Coach CEO Lew Frankfort said on a conference call.

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