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Coach shares jump 11 percent on profit beat, as M&A rumors still stir

May 3, 2017

Via: CNBC

Coach’s strategy to cut back on discounting its products in the U.S. is paying off and finally showing up in the handbag maker’s bottom line.

With Wall Street encouraged by the improved performance and possibility the company could start to shift from turnaround mode to growth mode, and expand through acquisitions, the company’s shares closed up more than 11 percent Tuesday.

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