31 Jan '17, 12pm

Handbag maker Coach's quarterly profit jumps 17%

Coach posted a 17.4 percent rise in quarterly profit as the company cut back on discounts in the United States while selling more handbags in China and Japan. Coach, whose shares were up 1.9 percent at $36.67 before the opening bell, has limited promotions and pulled out of more than 250 department stores as it tries to win back its premium-brand cachet. The company's sales at North American stores open at least a year rose 3 percent, its third consecutive quarterly rise, beating analysts' estimate of 2.4 percent, according to research firm Consensus Metrix. However, the company said it expected revenue in 2017 to rise in the low single-digit range due to a stronger dollar. Coach had previously forecast low to mid-single-digit growth in revenue. "Coach is executing well," ROE Equity Research analyst Laura Champine told Reuters. "Revenue guidance is lower solely on foreign ...

Full article: http://www.cnbc.com/2017/01/31/handbag-maker-coachs-quart...

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Strong handbag sales in China and Japan lift Co...

businessinsider.com 31 Jan '17, 12pm

(Reuters) - Coach Inc posted a 17.4 percent rise in quarterly profit as the company cut back on discounting in the United ...

Strong handbag sales in China and Japan lift Coach

businessinsider.com 31 Jan '17, 12pm

(Reuters) - Coach Inc posted a 17.4 percent rise in quarterly profit as the company cut back on discounting in the United ...

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