Coach (COH) stock was up 1.45% to $36.50 in early Tuesday morning trading after the luxury retailer topped fiscal 2017 second-quarter earnings estimates by a penny.
Before the market open, the New York City-based company reported adjusted earnings of 75 cents per share, above analysts' projections of 74 cents per share.
Revenue climbed 4% to $1.32 billion and met the FactSet consensus estimate.
North American same-store sales rose 3%, topping analysts' estimates of 2.2% growth.
"We are both pleased and proud of our performance this holiday season, particularly in light of the challenging and volatile global retail environment," CEO Victor Luis said in a statement.
Coach now expects to report fiscal 2017 revenue growth in the low-single digits, down from previous expectations of growth in the low-to-mid single digits due to exchange rates.
The retailer anticipates that current-quarter revenue will be negatively affected by timing issues including the shift of Easter into the fourth quarter, interim CFO Andrea Resnick said on the earnings call.
But Coach expects "very strong top-line growth" in the fourth quarter.
Additionally, the company said that no acquisitions are imminent, but that it hopes to "have the flexibility to act if and when it's in the best interest of Coach and our shareholders," Resnick said.
Coach had reportedly expressed interest in purchasing rival handbag maker Kate Spade (KATE) .