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Last $27.28 USD
Change Today -0.42 / -1.52%
Volume 1.2M
KATE On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

kate spade & co (KATE) Snapshot

Open
$27.61
Previous Close
$27.70
Day High
$27.80
Day Low
$27.07
52 Week High
08/12/14 - $42.87
52 Week Low
10/15/14 - $24.07
Market Cap
3.5B
Average Volume 10 Days
2.0M
EPS TTM
$0.73
Shares Outstanding
127.7M
EX-Date
12/16/08
P/E TM
37.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for KATE SPADE & CO (KATE)

kate spade & co (KATE) Details

Kate Spade & Company, together with its subsidiaries, designs and markets apparel and accessories. The company operates in three segments: KATE SPADE North America, KATE SPADE International, and Adelington Design Group. It offers handbags, briefcases, small leather goods, fashion accessories, jewelry, fragrances, and apparel for men, women, and children; and holds licensing agreements for footwear, swimwear, watches, optics, tabletop products, legwear, electronics cases, bedding, and stationery. The company markets and sells its products under the kate spade new york, KATE SPADE SATURDAY, JACK SPADE, AXCESS, MARVELLA, and TRIFARI brand names. It also designs, develops, and supplies jewelry for the LIZ CLAIBORNE and MONET brands; licenses LIZ CLAIBORNE NEW YORK brand; and engages in the apparel and non-apparel wholesale operations of the licensed LIZWEAR brand and other brands. The company sells its products through wholly-owned specialty retail and outlet stores, and upscale department stores, as well as e-commerce Websites. As of December 31, 2014, it had 108 specialty retail stores and 58 outlet stores with a retail square footage of approximately 315,000 square feet in North America; and 42 specialty retail stores, 15 outlet stores, and 54 concessions with a retail square footage of approximately 94,000 square feet internationally. 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.

3,500 Employees
Last Reported Date: 03/3/15
Founded in 1976

kate spade & co (KATE) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $3.0M
President and Chief Operating Officer
Total Annual Compensation: $1.3M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $560.2K
Chief Creative Officer and Director
Total Annual Compensation: $3.4M
Senior Vice President of Information Technolo...
Total Annual Compensation: $567.6K
Compensation as of Fiscal Year 2014.

kate spade & co (KATE) Key Developments

Kate Spade & Company Approves Amendment of its Certificate of Incorporation and By-Laws

Kate Spade & Company approved amendment of the company's Certificate of Incorporation and the company's By-Laws in the annual general meeting held on May 19, 2015, to decrease the required ownership threshold for stockholders to call a special meeting to 25% of the outstanding shares of common stock of the Company entitled to vote generally in the election of directors. The amendments to the Certificate of Incorporation and the By-Laws are more fully described in the Company's definitive proxy statement filed on April 9, 2015 with the Securities and Exchange Commission in connection with the 2015 Annual Meeting (the Proxy Statement). The foregoing summaries of the amendments to the Certificate of Incorporation and the By-Laws are qualified in their entirety by reference to the text of the Certificate of Amendment to the Restated Certificate of Incorporation.

Kate Spade & Company - Shareholder/Analyst Call

Annual Meeting of Stockholders

Kate Spade & Company Announces Consolidated Earnings Results for the First Quarter Ended April 4, 2015; Reaffirms Earnings Guidance for the Year 2015

Kate Spade & Company announced consolidated earnings results for the first quarter ended April 4, 2015. For the quarter, the company reported net sales of USD 255,316,000 against USD 223,614,000 a year ago. Operating loss was USD 37,126,000 compared to USD 26,927,000 a year ago. Loss before provision for income taxes was USD 51,758,000 against USD 36,602,000 a year ago. Loss from continuing operations was USD 53,559,000, or USD 0.42 per basic and diluted share, compared to USD 38,408,000, or USD 0.44 per basic and diluted share a year ago. Net loss was USD 55,221,000 compared to net income of USD 46,170,000 a year ago. Net loss per basic and diluted share was USD 0.43 compared to net income per basic and diluted share of USD 0.37 a year ago. Net cash used in operating activities was USD 43,322,000 against USD 98,590,000 a year ago. Purchases of property and equipment were USD 14,671,000 against USD 26,874,000 a year ago. Adjusted EBITDA was USD 24,583,000 against USD 17,115,000 a year ago. Adjusted operating income was USD 7,422,000 against USD 2,019,000 a year ago. Adjusted income from continuing operations was USD 1,527,000 or USD 0.01 basic and diluted share against adjusted loss from continuing operations of USD 5,277,000 or USD 0.04 basic and diluted share a year ago. Adjusted net sales were USD 239,631,000 against USD 186,649,000 a year ago. Net Debt decreased to USD 199 million at the end of the first quarter of 2015 from USD 267 million at the end of the first quarter of 2014, primarily due to the prepayment of the Lucky Brand seller note. The results for first quarter of 2015 and 2014 also exclude restructuring charges, and first quarter 2015 excludes the USD 26 million fee paid earlier this year to terminate contracts with former JV partner in Mainland China and the loss incurred on the settlement of the Lucky Brand note receivable. The company reaffirmed 2015 guidance for net sales of USD 1.2 billion to USD 1.275 billion and adjusted EBITDA of USD 185 million to USD 200 million, each excluding wind-down operations.

 

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Industry Analysis

KATE

Industry Average

Valuation KATE Industry Range
Price/Earnings 56.6x
Price/Sales 3.0x
Price/Book 23.1x
Price/Cash Flow 60.3x
TEV/Sales 2.4x
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