"We were disappointed by our overall performance in womens handbags and accessories," Coach Chairman and CEO Lewis Frankfort said in an earnings call Tuesday.
Net income dropped to $217.9 million - or 77 cents per share - down from $221.4 million a year earlier, in the company's fiscal first quarter that ended Sept. 28, Coach said Tuesday.
A major driver behind the New York-based company's falling profit was a 6.8% decline in sales at stores open at least a year in North America.
International sales also decreased slightly - about 0.5% - to $365 million, the company said.