Kate Spade & Co. (KATE) Misses Q1 EPS by 1c; Enters New Partnership with Exclusive Brands
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Kate Spade & Company And Exclusive Brands International Announce Partnership To Expand Kate Spade New York Brand Presence In Latin America
May 7, 2015 7:16 AM EDTNEW YORK and PANAMA CITY, May 7, 2015 /PRNewswire/ -- Kate Spade & Company (NYSE: KATE) and Exclusive Brands International S.A. (EBI), a leading retailer and distributor in Latin America and the Caribbean, today announced plans to expand the kate spade new york brand presence in Latin America with a new distribution agreement. Under the terms of the agreement, EBI will have distribution rights to the kate spade new york brand, spanning 17 territories throughout Central and South America and the Caribbean.
The newly formed strategic partnership will leverage EBI's understanding of the... More
Kate Spade & Company Reports First Quarter 2015 Results
May 7, 2015 7:15 AM EDTNEW YORK, May 7, 2015 /PRNewswire/ --Â Kate Spade & Company (NYSE: KATE) today announced results for the first quarter ended April 4, 2015.
Net sales for the first quarter of 2015, excluding sales for wind-down operations, were $240 million, an increase of $53 million, or 28.4% compared to the first quarter of 2014, adjusting 2014 net sales for wind-down operations and excluding the impacts of the 53rd week, changes in foreign currency exchange rates and 2015 strategic initiatives. Refer to the table entitled "Reconciliation of Non-GAAP Net Sales Information" for a reconciliation from GAAP results.
Reported net sales for the first... More
