Coach, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.3375 per common share. The dividend is payable on July 1, 2013 to shareholders of record as of the close of business on June 7, 2013.

Coach, Inc. (NYSE:COH) is seeking acquisitions, reported Dow Jones citing one of the people familiar with the matter. The sources said that Coach has long been to expand organically, but amid increasing competition, it is weighing the purchase of an accessories brand. The goal would be to jumpstart growth and leverage Coach's supply-chain expertise, added one of the source.

Coach, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 30, 2013. For the quarter, the company's net sales were $1,187.6 million compared with $1,108.98 million a year ago. Operating income was $348.5 million compared with $337.5 million a year ago. Income before provision for income taxes was $347.8 million compared with $335.8 million a year ago. Net income was $238.9 million or $0.84 per diluted share compared with $225.0 million or $0.77 per diluted share a year ago. Net cash from operating activities in the third quarter was $209 million compared to $103 million last year during third quarter. Free cash flow in the third quarter was an inflow of $167 million versus $61 million in the same period last year. CapEx spending was $43 million versus $41 million in the same quarter a year ago. For the nine months, the company's net sales were $3,852.7 million compared with $3,607.99 million a year ago. Operating income was $1,206.8 million compared with $1,160.4 million a year ago. Income before provision for income taxes was $1,202.8 million compared with $1,155.6 million a year ago. Net income was $813.1 million or $2.84 per diluted share compared with $787.5 million or $2.67 per diluted share a year ago. For the year 2013, the company expects sales to total about $425 million, up from previous guidance of at least $400 million, an increase of nearly 40%, driven both by distribution and comparable location sales. The company continue to expect that CapEx for 2013 will be in the area of $250 million, primarily due to new store openings and expansions across all geographies, elevating store environment and investments in the technology and infrastructure necessary to enable global expansion. The company continue to expect gross margin to remain high at about 73% for the year. Tax rate is likely to be in the area of 32.5% for the year. For the fiscal year 2013, In North America, the company expects to open a few stores in the fourth quarter in addition to the 20 net openings in the first half, taking to about 22 net stores for the year. In total, square footage will increase about 10%. The company expects to open about 30 new stores this year or at least another 7 in the fourth quarter, bringing the total to about 125 locations at the end of the year.