Coach 2009 Annual Report Download - page 25

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TABLE OF CONTENTS
FISCAL 2010 HIGHLIGHTS
The key metrics of fiscal 2010 were:
•Earnings per diluted share rose 21.5% to $2.33. Excluding items affecting comparability in fiscal 2009, earnings per diluted share
increased 21.8%.
•Net sales increased 11.7% to $3.61 billion. The 53rd week in fiscal 2010 contributed approximately $70 million of additional net
sales.
•Direct-to-consumer sales rose 15.7% to $3.16 billion.
•Comparable sales in Coach’s North American stores increased 3.5%, primarily due to improved conversion.
•In North America, Coach opened 12 net new retail stores and 10 new factory stores, bringing the total number of retail and factory
stores to 342 and 121, respectively, at the end of fiscal 2010. We also expanded five factory stores in North America.
•Coach Japan opened six net new locations, bringing the total number of locations at the end of fiscal 2010 to 161. In addition, we
expanded two locations.
•Coach China results continued to be strong with double-digit growth in comparable stores and channel profitability and total retail
sales in excess of $100 million. At the end of fiscal 2010, we had a total of 41 locations.
•Coach’s Board voted to increase the Company’s cash dividend to an expected annual rate of $0.60 per share starting with the
dividend paid on July 6, 2010.
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