Last $28.94 USD
Change Today +0.25 / 0.87%
Volume 3.4M
KATE On Other Exchanges
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As of 6:40 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

kate spade & co (KATE) Snapshot

Open
$28.49
Previous Close
$28.69
Day High
$28.94
Day Low
$27.89
52 Week High
08/12/14 - $42.87
52 Week Low
10/15/14 - $24.07
Market Cap
3.7B
Average Volume 10 Days
2.5M
EPS TTM
$0.63
Shares Outstanding
127.1M
EX-Date
12/16/08
P/E TM
46.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for KATE SPADE & CO (KATE)

kate spade & co (KATE) Details

Kate Spade & Company, together with its subsidiaries, primarily designs and markets a range of apparel and accessories. It operates through KATE SPADE, Adelington Design Group, and JUICY COUTURE segments. The company offers apparel, handbags, briefcases, travel bags, small leather goods, tabletop products, legwear, bedding, stationery, jewelry, apparel, footwear, optics, fragrances, electronics cases, fashion accessories, beauty, and home décor products. It offers its products under the KATE SPADE SATURDAY, JACK SPADE, LIZ CLAIBORNE, MONET, TRIFARI, KENSIE, LIZWEAR, LIZ CLAIBORNE NEW YORK, and JUICY COUTURE brands. The company sells its products through its own retail and outlet stores, as well as to department store chains and specialty retail store customers. Kate Spade & Company operates approximately 118 specialty retail stores, 51 outlet stores, and 43 concessions stores. It is also involved in e-commerce and licensing operations. The company was formerly known as Fifth & Pacific Companies, Inc. and changed its name to Kate Spade & Company in February 2014. Kate Spade & Company was founded in 1976 and is based in New York, New York.

6,800 Employees
Last Reported Date: 02/25/14
Founded in 1976

kate spade & co (KATE) Top Compensated Officers

President and Chief Operating Officer
Total Annual Compensation: $570.8K
Senior Vice President of Information Technolo...
Total Annual Compensation: $346.7K
Compensation as of Fiscal Year 2013.

kate spade & co (KATE) Key Developments

Kate Spade & Company Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 4, 2014; Revises Earnings Guidance for the Full Year of 2014

Kate Spade & Company reported consolidated earnings results for the third quarter and nine months ended October 4, 2014. For the quarter, the company’s net sales were $250,417,000 compared to $192,612,000 a year ago, reflecting increases of 36.4% in the Kate Spade North America segment and 32.8% in the Kate Spade International segment, partially offset by a decrease in net sales in the Adelington Design Group segment. Operating income was $3,547,000 compared to operating loss of $1,329,000 a year ago. Loss before (benefit) provision for income taxes was $447,000 compared to $13,152,000 a year ago. Income from continuing operations was $447,000 or $0.02 per basic and diluted share, compared to loss from continuing operations of $14,165,000 or $0.12 per basic and diluted share, compared a year ago. Net loss was $9,130,000 or $0.07 per basic and diluted share, compared to $16,866,000 or $0.14 per basic and diluted share, compared a year ago. Adjusted EBITDA, net of foreign currency transaction adjustments, was $21 million, compared to $11 million for the third quarter of 2013. Comparable adjusted EBITDA, net of foreign currency transaction adjustments, was $12 million for the third quarter of 2013. Adjusted loss per share from continuing operations in the third quarter of 2014 was flat, compared to adjusted loss per share of $0.05 in the third quarter of 2013. The adjusted results for the third quarter 2014 and 2013, as well as forward-looking targets, exclude the impact of expenses incurred in connection with the company's streamlining initiatives, brand-exiting activities, acquisition related costs, losses on extinguishment of debt, impairment of intangible asset in 2013, impairment of cost investment in 2013 and non-cash write-offs of debt issuance costs. For the year to date, the company’s net sales were $740,029,000 compared to $527,942,000 a year ago, including an $18 million benefit associated with the additional week in 2014. Operating loss was $13,452,000 compared to operating loss of $12,954,000 a year ago. Loss before (benefit) provision for income taxes was $50,268,000 compared to $58,456,000 a year ago. Loss from continuing operations was $49,768,000 or $0.40 per basic and diluted share, compared to loss from continuing operations of $61,498,000 or $0.51 per basic and diluted share, compared a year ago. Net income was $32,636,000 or $0.26 per basic and diluted share, compared to net income of $112,177,000 or $0.93 per basic and diluted share, compared a year ago. Net cash used in operating activities was $75,571,000 compared to $122,174,000 a year ago. Purchases of property and equipment were $67,534,000 compared to $46,225,000 a year ago. Adjusted EBITDA, net of foreign currency transaction adjustments, was $70 million for the first nine months of 2014, compared to $22 million for the first nine months of 2013. Comparable Adjusted EBITDA, net of foreign currency transaction adjustments, was $31 million for the first nine months of 2013. Adjusted earnings per diluted share from continuing operations in the first nine months of 2014 was flat compared to an adjusted loss per share from continuing operations of $0.23 in the first nine months of 2013. Year-to-date capital expenditures is $72 million. Total net debt was $286 million as compared to $522 million at the end of third quarter 2013. The company revised earnings guidance for the full year of 2014. The company’s increased full year 2014 adjusted EBITDA guidance to a range of $130 million to $140 million; states 2016 adjusted EBITDA margin target of 18% to 20%, including corporate costs. Direct to consumer comparable sales growth of 15%; increased full year 2014 direct to consumer comparable sales growth guidance to a range of 19% to 21%. The annualized Corporate adjusted LBITDA of $53 million is consistent with the company's previously provided 2014 guidance for Corporate adjusted LBITDA of $50 to $55 million, which includes estimated amounts to be billed under the Transition Services Agreement for Lucky Brand and assumes ownership of Lucky Brand by the company for the month of January 2014, followed by the implementation of the TSA for a period of up to 24 months thereafter. The company is prudently forecasting full year gross margin rate dilution of 125 to 175 basis points but expect the company's results should be closer to the favorable end of that range. The company continue to expect to achieve operating leverage for the full year 2014.

Kate Spade & Company to Report Q3, 2014 Results on Nov 06, 2014

Kate Spade & Company announced that they will report Q3, 2014 results at 8:30 AM, US Eastern Standard Time on Nov 06, 2014

Kate Spade & Company, Q3 2014 Earnings Call, Nov 06, 2014

Kate Spade & Company, Q3 2014 Earnings Call, Nov 06, 2014

 

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Industry Analysis

KATE

Industry Average

Valuation KATE Industry Range
Price/Earnings 43.2x
Price/Sales 2.5x
Price/Book 52.0x
Price/Cash Flow 16.7x
TEV/Sales 2.1x
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