The Market Temperature Of Handbags Is Lighter.

The US luxury brand Coach went out of the trough and recorded 4.5% growth after 10 consecutive quarters of revenue decline. The company's earnings per share also exceeded Wall Street's expectations in the latest quarter.

The growth of Coach's turnover was mainly caused by acquisitions.

Stuart Weitzma's outstanding performance and its two digit turnover growth in Europe, mainland China and Japan.

According to public earnings data, net income fell by 7.3% to $170 million 100 thousand.

Turnover increased to US $1 billion 270 million from 1 billion 220 million US dollars in the same period last year.

On the basis of non GAAP, net income is $188 million and earnings per share are 68 cents.

Following light

Coach's latest quarterly report showed a positive trend. The third quarter of the same luxury brand Michael Kors has brighten up the market temperature of handbags and accessories.

The profit fell to $294 million 600 thousand in the quarter, compared with $303 million 700 thousand in the same period last year.

Business income rose from $1 billion 310 million to $1 billion 400 million.

Michael Kors was outstanding in Asian markets including China, with sales in Japan surging by 59.1%.

According to the financial report, Michael Kors

It increased 11.1% to $766 million 200 thousand last year compared with last year. Since the end of the third quarter of 2015, the company has opened 114 new stores.

In addition, the same store sales fell by 0.9%, but Michael's Kors company remained optimistic relative to the FactSet's expected 4.4% decline rate and a 0.9% decline.