American-based marketer of luxury accessories, Coach, Inc. has announced very positive results for its second fiscal quarter ended January 1, 2005.

Net sales were $532 million, 29% higher than the $412 million reported in the same period of the prior year. Net income rose 41% to $134 million, or $0.69 per share, compared with $95 million, or $0.50 per share in 2003. These results beat analysts' recently revised consensus estimate of $0.68 per share.

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