NEW YORK, United States — Coach Inc., the largest U.S. luxury-handbag maker, posted second-quarter profit that topped estimates and raised its full-year earnings outlook after new designs boosted sales.
Profit excluding some items was 68 cents a share, the New York-based company said in a statement Tuesday. Analysts estimated 66 cents, on average.
New designs and updated stores are winning customers back to Coach. The retailer had suffered from increased competition from designers like…
Coach Profit Tops Analyst Estimates as New Products Boost Sales
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