![Coach handbag](https://static-ssl.businessinsider.com/image/53e0be016da811757551b1c4-1200-924/coach-handbag-9.jpg)
Reuters
In its fiscal fourth quarter, Coach earned $0.59 per share, excluding certain items, better than then $0.53 expected by analysts. Sales in the quarter totaled $1.14 billion, better than the $1.09 billion expected by analysts.
The rally in Coach shares comes after its luxury accessories peer Michael Kors yesterday saw shares tumble $4 top and bottom line results that beat estimates.
BI's $4 some of the problems facing Michael Kors, including declining search traffic and increased promotional activity.
Excluding this morning's pre-market rally, shares of Coach had been the S&P 500's worst performer this year, falling more than 37%.