May 1, 2018 / 10:53 AM / 3 months ago

Coach handbag maker Tapestry's sales rise 33 percent

May 1 (Reuters) - Tapestry Inc, formerly Coach, reported a 33 percent rise in quarterly net sales on Tuesday, helped by demand for its Coach bags in North America.

The company, which also makes Kate Spade handbags and Stuart Weitzman shoes, said net income rose to $140.3 million, or 48 cents per share, in the third quarter ended March 31, from $122.2 million, or 43 cents per share, a year earlier.

Net sales rose to $1.32 billion from $995.2 million, also helped by the acquisition of handbag maker Kate Spade. (Reporting by Nivedita Balu and Jaslein Mahil in Bengaluru Editing by Saumyadeb Chakrabarty)

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