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Kate Spade (KATE) 4Q15 Results: 2015 Growth from Products and International Expansion to Continue in 2016

Executive Summary

  • Kate Spade reported adjusted 4Q15 revenues of $427.8 million, up 13.9% from the year-ago period but below the consensus estimate of $440 million. Adjusted EPS was $0.32, up 33.7% 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 categories and geographic expansion.
  • The company guided for adjusted EPS of $0.70–$0.80 and comp sales growth in the low to mid-teens for 2016.



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