Mizuho Securities Reiterates Buy as Kate Spade & Co. (KATE) Management is 'Pleased with Momentum Thus Far'
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Go back to Mizuho Securities Reiterates Buy as Kate Spade & Co. (KATE) Management is 'Pleased with Momentum Thus Far'
March 1, 2016 7:01 AM EST
NEW YORK and MUMBAI, India, March 1, 2016 /PRNewswire/ -- Kate Spade & Company (NYSE: KATE) and Reliance Brands Limited, a subsidiary of Reliance Industries Group, a renowned retail partner-of-choice in India, today announced plans to the bring the kate spade new york brand to India through a long-term distribution and retail license agreement. Under the terms of the agreement, Reliance Brands Limited will have the exclusive distribution rights to the kate spade new york brand in the country.
The newly formed partnership will leverage Reliance Brands Limited's in-depth market... More
March 1, 2016 7:00 AM EST
NEW YORK, March 1, 2016 /PRNewswire/ --Â Kate Spade & Company (NYSE: KATE) today announced results for the fourth quarter and full year ended January 2, 2016.
Net sales for the fourth quarter of 2015, excluding sales for wind-down operations, were $428 million, an increase of $52 million, or 13.9% compared to the fourth 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 fourth... More
