Kate Spade (KATE) released it 4Q15 earnings for the quarter ended January 31, 2016, on March 1, 2016. Wall Street was expecting the adjusted EPS (earnings per share) of the company to be around $0.32, and the company was able to achieve that. The revenue of the company was reported to be $428 million. Although this was a rise of 7.6%, it still missed Wall Street expectations by 2.5%.
What drove the 4Q15 revenue?
Kate Spade saw its revenue rise by double digits in 4Q15, driven by 14.0% growth in organic sales. This rise in organic sales is highly positive given the recent decrease in consumer spending in the United States and most apparel and accessory retailers seeing their top lines pinched.
About the company
Kate Spade (KATE) is a prominent North American apparel company. It sells apparel and accessories under three brands: Kate Spade New York, Kate Spade Saturday, and Jack Spade. The company operates its business through multichannel operations in North America and international regions in Japan, Southeast Asia, Europe, and Latin America.