Coach sales increased 2% to 1 billion 230 million dollars compared with the same period last year, and the comparable sales increased by 3%. Among them, the electricity business all over the world increased, the gross profit margin was 68.8%, and the business profit was 361 million dollars.
The sale of Kate Spade was 435 million dollars, which was 7% lower than that of wholesale sales and business promotion. The gross profit margin was 59.4% and the operating profit was 45 million dollars.
Stuart Weitzman’s sales rose 2% to $121 million, the gross profit rate was 60.8%, and the operating profit was $24 million.
As of the end of the reporting period, the group’s three brands had 1334 stores in the world, including 967 Coach brands, 284 Kate Spade and 83 Stuart Weitzman.
Group CEO Victor Luis said in the conference call after the earnings announcement, the performance of Coach, Stuart Weitzman and Kate Spade contributed to the growth of group’s total revenue, proving that the group is constantly making progress in resource integration of all brands.