In view of the increment in the sales in second quarter,
Coach Outlet Stores International SCA, the leading producer of
Coach Bags and silk scarves, has elevated its revenue forecasts for the current fiscal year. The increment has also been resultant of the rise in the demands of the products from Asia. The demands are also surging from the Chinese markets, in addition to those in U. S. and Europe. The company's yearly revenues are expected to go as high as 12%, without including currency swings,
Coach Outlet Store Online told. In March, the company had predicted the revenues to go beyond 5%. The sales in the Company jumped by 23% over the first 6 months, as the operational profit surged quickly. The increase in the sales was triggered by high demands for textiles, leather wear and watches. Dennis Weber, an analyst at Evolution Securities in London, said that the profits surpassed the analysts' expectations in the first half of the year. "The surprise was driven by a better- than-expected performance in
Coach Factory own store network, which showed underlying growth of 20 percent", he said. Shares in
Coach Outlet Online surged 3. 40 Euros or 3%, to 118. 20 Euros, while trading in Paris.
