As expected, US leather accessories retailer Coach has posted an excellent set of fourth quarter and full year results for 2003/04, as its spring and summer season offerings topped off a year of sparkling sales.

In the three months ended July 3, pre-tax profits were up by a healthy 113% on the year before,to $66 million or 34 cents a share, reflecting a 46% increase in net sales (to $338 million) and much improved margins.  Analysts had been predicting a profit of 31 cents a share.  

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