Kate Spade quarterly sales beat estimates

A Kate Spade handbag on display at Macy's in New York City.
Scott Mlyn | CNBC

Handbag and accessories maker Kate Spade posted a better-than-expected 14.1 percent rise in quarterly sales as its Kate Spade New York brand attracted more shoppers.

The company said on Wednesday its net sales rose to $316.5 million in the third quarter ended Oct. 1, from $277.3 million a year earlier.

Analysts on average had expected revenue of $310.7 million, according to Thomson Reuters I/B/E/S.

Kate Spade's net income jumped to $29.6 million, or 23 cents per share, from $2.3 million, or 2 cents per share, a year earlier.