US luxury goods company Coach, Inc. has reported a 30% increase in sales in the first quarter ended October 1, 2005. Net sales reached $449 million, 30% higher than the $344 million reported in the same period of the prior year. Net income before option expenses rose 48% to $100 million compared with $68 million in the prior year. During the quarter, gross profit rose 32% to $341 million from $258 million a year ago.