Photographer: Jerome Favre/Bloomberg

Coach Advances After New Designs Help Profit Beat Forecasts

  • Handbag maker battles back against Kate Spade, Michael Kors
  • Company boosts earnings outlook, eyes Hudson Yards sale

Coach Inc., the largest U.S. luxury-handbag maker, surged the most in more than five years after its profit topped estimates and the company raised its full-year earnings outlook.

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