Net sales were $554 million compared with the $449 million reported in the same period of the prior year. Net income rose 34% to $126 million compared with $94 million in the prior year.

Chairman and chief executive officer Lew Frankfort gave the continued rapid growth in the US premium handbag market as one of the reasons for positive growth in this period. During the quarter, gross profit rose 24% to $425 million from $341 million a year ago.

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