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Kate Spade & Co (LIZ.F)

LIZ.F on Frankfurt Stock Exchange

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€-0.33 (-2.19%)
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Wed, Aug 3 2016


Kate Spade slashes full-year forecasts, shares slump

Accessories and apparel maker Kate Spade & Co slashed its full-year sales and profit forecasts on Wednesday, sending its shares down more than a fifth.

UPDATE 3-Kate Spade slashes full-year forecasts, shares slump

* Shares plunge as much as 22 pct (Adds details, CEO comments; updates shares)

BRIEF-Kate Spade Q2 adjusted EPS $0.11 from continuing operations

* Q2 2016 direct-to-consumer comparable sales growth was 4%, or 1% excluding ecommerce

Kate Spade's quarterly sales rise nearly 14 pct

Aug 3 Kate Spade & Co's quarterly revenue rose 13.7 percent, beating analysts' estimates, as luxury handbags and accessories under its kate spade new york brand attracted shoppers.

Kate Spade posts biggest rise in comparable sales in over a year

Kate Spade & Co's comparable store sales increased at their fastest pace in five quarters, smashing Wall Street estimates, as demand surged for its quirky handbags and accessories in North America.

BRIEF-Kate Spade Q1 gaap EPS $0.08 from continuing operations

* Q1 gaap earnings per share $0.08 from continuing operations

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