Luxury retailer Coach, Inc. (COH) is benefiting from the transformation initiatives put in place two years ago, when the company closed a fifth of its total stores to combat the competition from Michael Kors (KORS). A strong third quarter is recent testimony to the fact that the company’s revival is on target.While releasing Q3 results, the company said it is on track to return to positive comps in North America in the fourth quarter and to achieve an inflection in profitability.For 2016, the retailer continues to expect revenue growth in high-single digits. An additional week in the fourth quarter is expected to contribute approximately $75-$80 million in incremental revenue and $0.06 in earnings per share to fiscal 2016 results. Analysts estimate 7.4% revenue growth for 2016.In connection with recently announced operational efficiency actions that include corporate job cuts globally, the company expects to incur pre-tax charges of about $65-$80 million, beginning in the fourth quarter and substantially complete by the end of fiscal 2017. With these additional measures, the retailer expects to reach its previously stated goal of about 20% operating margin for the Coach brand in Fiscal 2017. For 2016, Coach brand operating margin is still estimated to be in the mid-to-high teens.The company is scheduled to release fourth-quarter results on August 9, before the bell. Analysts are projecting earnings of 41 cents per share on revenues of $1.17 billion.