Stephens Downgrades Kate Spade (KATE) to Equal Weight
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Kate Spade & Company Reports First Quarter 2016 Results
May 4, 2016 7:00 AM EDTNEW YORK, May 4, 2016 /PRNewswire/ --Â Kate Spade & Company (NYSE: KATE) today announced results for the first quarter ended April 2, 2016.
Craig A. Leavitt, Chief Executive Officer of Kate Spade & Company, said: "Our first quarter results reflect the stronger, refocused Kate Spade & Company and underscore the effectiveness of our differentiated strategy. We continue to focus on our powerful multi-channel approach, especially fueled by the robust performance of our global eCommerce business, which helped drive our industry-leading comparable sales growth of 19%. Our diverse business model helps position us for sustainable long-term growth."... More
