The US luxury goods maker, Coach, Inc, has raised its second half 2004 earnings expectations to at least $0.52 per diluted share, with sales of $615 million. The company’s previous guidance was $0.48 per share.

Lew Frankfort, chairman and CEO of Coach said: “The vitality of our business this season reflects the vibrancy of the Coach brand with sales trends strong across all channels and geographies; and further expansion of our operating margins. Consumers have responded enthusiastically to our transitional and early spring offerings, including the new styles and colours in our Soho and Hamptons weekend collections, our bright patent leather gallery totes as well as our fun, fresh Valentine's Day group of handbags and accessories.”

Looking forward he said the company expected full year fiscal sales and diluted earnings per share of $1.3 billion and $1.24 respectively. For the third quarter, Coach is targeting at least $300 million in sales and earnings per share of $0.26 and for the fourth, £315 million in sales and earnings per share of $0.26.

Share this story: