Last $32.56 USD
Change Today +0.60 / 1.88%
Volume 1.6M
KATE On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

kate spade & co (KATE) Snapshot

Open
$32.00
Previous Close
$31.96
Day High
$32.70
Day Low
$31.82
52 Week High
08/12/14 - $42.87
52 Week Low
09/25/13 - $22.99
Market Cap
4.1B
Average Volume 10 Days
9.5M
EPS TTM
$0.30
Shares Outstanding
126.9M
EX-Date
12/16/08
P/E TM
107.9x
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.

kate spade & co (KATE) Top Compensated Officers

President, Chief Financial Officer and Chief ...
Total Annual Compensation: $570.8K
Senior Vice President of Information Technolo...
Total Annual Compensation: $346.7K
Consultant
Total Annual Compensation: $370.0K
Compensation as of Fiscal Year 2013.

kate spade & co (KATE) Key Developments

Incipio Technologies, Inc. Signs Licensing Agreement with Kate Spade & Co

Incipio Technologies, Inc. entered into a multi-territory, multi-year licensing agreement with Kate Spade & Co., to produce a range of mobile device accessories. The agreement will allows Incipio to design, manufacture and distribute accessories under the Kate Spade New York label for a range of smart phones and tablets manufactured by Apple, Inc., Samsung and Amazon.com Inc., among others, and will be available in select countries beginning in August 2014.

Kate Spade & Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Full Year 2014

Kate Spade & Company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the second quarter of 2014 on a GAAP basis, loss from continuing operations, was $14 million, or $0.11 per share, compared to a loss from continuing operations of $24 million, or $0.20 per share, for the second quarter of 2013. Net sales were $266 million, an increase of $87 million, or 48.7%, from $178.88 million for the comparable 2013 period. Adjusted earnings per share from continuing operations was $0.05, compared to adjusted loss per share of $0.08 for the second quarter of 2013. Adjusted EBITDA, net of foreign currency transaction adjustments, was $32 million compared to $7 million for the second quarter of 2013. Comparable Adjusted EBITDA, net of foreign currency transaction adjustments, was $11 million for the second quarter of 2013. Operating income was $10 million compared to operating loss of $4 million in the second quarter of 2013. Net loss was $4 million, inclusive of income related to discontinued operations of $10 million, compared to net loss of $43 million, inclusive of a loss related to discontinued operations of $20 million in the second quarter of 2013. Net loss per share was $0.03 in the second quarter of 2014, compared to a loss per share of $0.36 in the second quarter of 2013. Loss before provision for income taxes was $13.22 million compared to $22.25 million a year ago. For the first half of 2014, the company recorded a loss from continuing operations of $52 million, or $0.42 per share, compared to a loss from continuing operations for the first half of 2013 of $47 million, or $0.40 per share. Net sales were $490 million, an increase of $154 million, or 46.0%, from $335.33 million for the comparable 2013 period, including an $18 million benefit associated with the additional week in 2014. Adjusted earnings per share from continuing operations was $0.01 compared to an adjusted loss per share from continuing operations of $0.18 in the first half of 2013. Adjusted EBITDA, net of foreign currency transaction adjustments, was $49 million compared to $11 million for the first half of 2013. Comparable Adjusted EBITDA, net of foreign currency transaction adjustments, was $18 million for the first half of 2013. Loss before provision for income taxes was $49.82 million compared to $45.30 million a year ago. Operating loss was $17.00 million compared to $11.63 million a year ago. Net income was $41.77 million or $0.33 per basic and diluted share compared to net loss of $95.31 million or $0.80 per basic and diluted share a year ago. Net cash used in operating activities was $46.25 million compared to $84.32 million a year ago. Capital expenditures was $48 million. Total net debt was $232 million as compared to $481 million at the end of second quarter 2013, a decrease of $249 million. The company revised earnings guidance for the full year 2014. The company increases total company full year 2014 adjusted EBITDA guidance to a range of $120 million to $130 million from the previously guided range of $115 million to $125 million. The annualized corporate adjusted EBITDA of $53 million is consistent with its 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 expects its year end net debt position to range between $275 million to $300 million, and it should note that its current liquidity is more than sufficient, with $162 million excess availability under its revolver.

Kate Spade & Company to Report Q2, 2014 Results on Aug 12, 2014

Kate Spade & Company announced that they will report Q2, 2014 results Pre-Market on Aug 12, 2014

 

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