Kate Spade & Co.'s (KATE) 3Q Earnings and Comp Beat are Consistent with 2015 Survey; Mizuho Securities Reiterates Buy

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Go back to Kate Spade & Co.'s (KATE) 3Q Earnings and Comp Beat are Consistent with 2015 Survey; Mizuho Securities Reiterates Buy

Kate Spade New York Store To Open On London's Regent Street

November 5, 2015 7:02 AM EST

NEW YORK, Nov. 5, 2015 /PRNewswire/ -- Kate Spade & Company (NYSE: KATE) today announced plans to open a new kate spade new york store on London's Regent Street. As the brand continues to expand internationally, this store marks kate spade new york's fourth specialty store in the United Kingdom.

"We remain focused on our two key axes of growth geographic expansion and product category expansion and selected the Regent Street location based on customer demand and existing success in... More

Kate Spade & Company Reports Third Quarter 2015 Results

November 5, 2015 7:00 AM EST

NEW YORK, Nov. 5, 2015 /PRNewswire/ -- Kate Spade & Company (NYSE: KATE) today announced results for the third quarter ended October 3, 2015.

Net sales for the third quarter of 2015, excluding sales for wind-down operations, were $275 million, an increase of $57 million, or 26.1% compared to the third quarter of 2014, adjusting 2014 net sales for wind-down operations and excluding the impacts of 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 third quarter of 2015 were $277 million,... More