Mizuho Securities Reiterates Buy as Kate Spade & Co. (KATE) Management is 'Pleased with Momentum Thus Far'
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Kate Spade aces holiday quarter with same-store sales beat
March 1, 2016 7:23 AM ESTBy Subrat Patnaik
(Reuters) - Kate Spade & Co (NYSE: KATE) reported better-than-expected quarterly sales at established stores, driven by demand for its top-of-the-range kate spade new york handbags and accessories.
Shares of the company, known for its quirky and colorful satchels and totes, rose as much as 6.7 percent to $21.15 in early trading on Tuesday.
Kate Spade has been focusing on the kate spade new york brand and investing in its online business, strategies that analysts say have helped the company fight the effects of a slowdown in the handbag market in North... More
Kate Spade & Co. (KATE) Enters Partnership Covering India
March 1, 2016 7:17 AM ESTKate Spade & Company (NYSE: KATE) and Reliance Brands Limited, a subsidiary of Reliance Industries Group, a renowned retail partner-of-choice in India, today announced plans to the bring the kate spade new york brand to India through a long-term distribution and retail license agreement. Under the terms of the agreement, Reliance Brands Limited will have the exclusive... More
Kate Spade & Co. (KATE) Reports In-Line Q4 EPS
March 1, 2016 7:02 AM ESTKate Spade & Co. (NYSE: KATE) reported Q4 EPS of $0.32, in-line with the analyst estimate of $0.32. Revenue for the quarter came in at $428 million versus the consensus estimate of $441.64 million.
For earnings history and earnings-related data on Kate Spade & Co. (KATE) click here.
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Before Markets Open:
Earnings:
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