Coach’s Man Bags Help Profit Top Analysts’ Estimates

Coach Inc. posted fourth-quarter profit that topped analysts’ estimates as men’s goods and rising demand in China helped counter slumping sales of women’s bags and accessories in North America.

Earnings excluding restructuring costs were 59 cents a share in the period ended June 28, New York-based Coach said today in a statement, topping the 53-cent average of predictions compiled by Bloomberg. Sales fell 7 percent to $1.14 billion, exceeding estimates for the first time in five quarters.