Coach profit jumps 34%

NEW YORK (MarketWatch) — Handbag designer Coach Inc. said Tuesday that its fiscal fourth-quarter profit increased 34% to $195.5 million, or 64 cents a share, from $145.8 million, or 45 cents, a year earlier. Sales in the quarter ended July 3 rose 22% to $950.5 million. The most recent quarter included a boost of 8-cent a share from an extra week on the calendar. Excluding that, the New York …

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