The company expects adjusted Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) to be in the range of $257 million to $282 million in 2016. Its diluted EPS is expected to be in the range of $0.70 to $0.80 in 2016.
Commenting on the 2016 guidance, George Carrara, president and COO of Kate Spade & Company said, “We have worked diligently over the past two years to achieve margin expansion, and are in a solid position as a global, multi-channel lifestyle brand poised to generate strong double-digit growth on both our top and bottom line in the year ahead.”
He said that the company will continue to prioritise the important points of differentiation of 2015 in 2016 to drive Kate Spade & Company's growth across our four category pillars – women's, men's, children's and home.
The company plans to open approximately 40 to 45 stores – both company-owned and partner stores – in 2016. (MCJ)
Fibre2Fashion News Desk – India
Apparel/Garments | On 24th Feb 2017
SigNatureT DNA is forensic molecular tag by Applied DNA Sciences...
Textiles | On 24th Feb 2017
The value of textile and garment exports made by Pakistan decreased...
Fashion | On 24th Feb 2017
Google has partnered with British fashion designer Christian Cowan to ...
Global Organic Textile Standard
‘GOTS is a very efficient supply chain management tool, especially for...
‘RT3 motto is: Do not check millimetres, check colours.’
‘The share of kidswear segment in the online sector is still small in...
Steve Cole of Xerium Technologies discusses the industry. Xerium is the...
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...
"Now we can see the Russian trend in international fashion. And Russian...
She grew up in the walled city of Old Delhi, completed her studies, and...