NEW YORK — Coach Inc.’s financial results are as hot as its handbags.
The New York-based leather goods company said Tuesday its net income skyrocketed 72.6 percent to $29.9 million, or 32 cents a diluted share, for the fourth quarter ended June 28, compared with $17.3 million, or 19 cents, in the same period last year. Results were ahead of its own expectations as well as Wall Street’s forecast of 30 cents a share.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"