2 minutes

Kate Spade (KATE) 4Q15 Results: Growth from Product Category and International Expansion Strategy

Primary Analyst: Coresight Research
Contributors
Primary Analyst: Coresight Research
Insight Report

Executive Summary

  • Kate Spade reported 4Q15 revenues of $428 million, up 13.9% from the year-ago period and 2.7% below the consensus of $440 million. Reported adjusted EPS was $0.32, down x% from $0.24 in 4Q14 and in line with consensus.
  • The company reported quarterly comps of 7.6 % and full year comps of 13% driven by successful product category and geographic expansion strategies.
  • The company guided for adjusted EPS of $0.7–$0.8 and low to mid-teens comp sales growth for 2016.

 

 

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