• April 25, 2007

Proving that it is still king of the luxury handbag category, Coach Inc. posted a 50% jump in quarterly earnings, above Wall Street expectations. And net sales rose 30%. to $625 million.

In the U.S., same-stores sales jumped by 20%, marking the 20th consecutive quarter of double-digit sales increases.

The company says its Legacy line is continuing to be a strong performer, and that "throughout all channels of our business and across all geographies, consumers enthusiastically embraced our transitional and spring assortments, driving our top-line results."

Direct-to-consumer sales increased 29%, to $481 million from $374 million last year.

--Sarah Mahoney