Home / Knowledge / News / Apparel/Garments / Q4 net sales zoom 44.7% at Kate Spade & Company
Q4 net sales zoom 44.7% at Kate Spade & Company
Mar '15
Net sales for the fourth quarter of 2014 ended January 3, 2015 at US based and NYSE listed apparel marketer, Kate Spade & Company zoomed 44.7 per cent year on year.

Net sales for the fourth quarter of 2014 totaled to $399 million, up a massive $123 million, or 44.7 per cent from the comparable fourth quarter of 2013.

Kate Spade said sales were primarily driven by 50.5 per cent sales hike in the Kate Spade North America segment and 56.0 per cent revenue growth in the Kate Spade International segment.

However, fourth quarter of 2014 direct-to-consumer comparable sales growth grew slower at 28 per cent from a year ago quarter or 21 per cent, when excluding the ecommerce business.

Adjusted EBITDA, net of foreign currency transaction adjustments reached $77 million or $85 million, excluding charges related to earlier announced brand actions from $55 million in fourth quarter of 2013.

“Comparable adjusted EBITDA, net of foreign currency transaction adjustments amounted to $57 million for the corresponding quarter of the previous year,” Kate Spade informed in a press release.

For the fourth quarter of 2014 on a GAAP basis, income from continuing operations was $126 million or $0.99 per diluted share as against $29 million or $0.23 per share for the fourth quarter of 2013.

Adjusted diluted earnings per share from continuing operations in the reporting quarter were $0.24, compared to $0.13 in the fourth quarter of 2013.

Net sales for the full year 2014 were $1.139 billion, again a steep climb of $335 million or 41.7 per cent from 2013, including an $18 million benefit associated with the additional week in 2014.

Excluding the benefit of the additional week, full year 2014 direct-to-consumer comparable sales growth was 24 per cent or 22 per cent excluding ecommerce.

Adjusted EBITDA, net of foreign currency transaction adjustments nearly doubled to $147 million for 2014 compared to $77 million for 2013.

In 2014, the apparel marketer recorded income from continuing operations of $77 million or $0.60 per compared to a loss from continuing operations in 2013 of $32 million, or $0.27 loss per share.

Adjusted earnings per diluted share from continuing operations for 2014 were $0.25 compared to an adjusted loss per share from continuing operations of $0.10 in 2013.

CEO Craig Leavitt said, “In 2014, we marked our first year as an independent company and our impressive growth reflects the powerful momentum of Kate Spade & Company.”

He added, “We have demonstrated a disciplined approach to managing our investments as we further focus on the long-term growth potential of our kate spade new york brand."

"We are rapidly becoming a powerful, global, multichannel lifestyle brand across women's, men's, children and home and remain focused on a partnered approach to expanding our footprint,” he noted.

He concluded, “We continue to advance along our two axes of growth; product category as well as geographic expansion, as we apply the right resources to targeted initiatives to maximise profitability." (AR)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search