Coach higher following Michael Kors report

|By:, SA News Editor

Shares of Coach (COH +0.9%) are higher following the FQ1 report from Michael Kors (KORS -7.4%).

Sales were strong at MK, although the company's rapid increase in inventory and slight margin compression are drawing some notice from investors.

Coach will have at its turn at the earnings plate tomorrow as it attempts to break a streak of EPS misses.