Kate Spade 2015 Is Expected To Be Weak In The Same Financial Year

Kate Spade & Co. (NYSE:KATE), the US luxury luxury clothing group, released its four quarter and full year fiscal year before yesterday, ending the fourth quarter of 2014 January 3, 2015.

Recorded $126 million 500 thousand, down 31.7% from a year earlier of $185 million 200 thousand, and earnings per share were $0.99, down 33.1% from $1.48 in the same period last year.

Excluding $88 million from tax concessions, the group's net profit in the fourth quarter was $38 million 500 thousand, or earnings per share of $0.24, up 4.3% from $0.23 in the same period last year, less than analysts expected $0.28.

Kate Spade & Co. shares opened sharply lower than expected due to poor expected earnings and expected bad results in the current financial year. The deadline for issuing shares fell by 2.71% at 34.34 10:22AM.

In the fourth quarter, Kate Spade & Co. recorded a revenue of 398 million 600 thousand US dollars, up 44.7% from 275 million 400 thousand US dollars in the same period last year, and also exceeded analysts' expectations of US $390 million, of which Kate Spade grew by 50.5% and 56% in North America and the international market respectively, offsetting the sales decline of the group's jewelry retailer Adelington Design Group.

In the fourth quarter, sales increased by 28% in the same store, but only 21% increase in e-commerce.

Kate Spade & Co. chief executive Craig A. Leavitt said the 2014 fiscal year is the first year of the company's becoming an independent Brand Company. The group will continue to focus on becoming the world's leading lifestyle Brand Company, expanding its product categories through cooperation with excellent partners, and at the same time

Continue to expand.

Before the earnings announcement, Kate Spade & Co. announced cooperation with four agents to expand the home brand: cooperative DWI Holdings launched home textiles and bathroom products, cooperation EJ Victor launched home products, cooperation Kravet launched wallpaper and textiles, cooperation Jaipur launched carpet products.

The above products will be launched in spring May 2015 -2016.

The fourth quarter was closed down by Kate Spade Saturday and menswear brand Jack Spade, resulting in a drop of 380 basis points in gross margin, which dropped to 57.8% from 61.6% in the same period last year. The gross profit margin adjusted for the above business is 59.7%, with a 190 base point drop.

The fourth quarter recorded $230 million 200 thousand, an increase of 35.6% over the same period of 169 million 800 thousand dollars a year, and sales and administrative expenses rose by 33%, from 136 million 600 thousand US dollars a year earlier to 181 million 800 thousand US dollars, with a rate of 45.6%. Operating profit was recorded at 46 million 924 thousand US dollars, up from 41.5% dollars a year earlier than the same period last year, and the operating profit rate was 11.8%; after deducting the related fees, the EBITDA dollar was recorded in the US dollar, which was more than the same period last year. The adjusted EBITDA recorded US dollar, which was US $US dollars in the same period last year.

The total sales of Kate Spade & Co. rose 41.7% in 2009, compared with 803 million 400 thousand US dollars in the same period last year, of which 18 million US dollars benefited from the more than one week in the financial year than in the previous fiscal year. The annual sales volume of the same group was 24%, excluding the growth of the electricity supplier, which was 22%, far exceeding the expected 19%-21% increase in November of last year. The net profit for the whole year was 159 million 200 thousand dollars, up from 118% dollars a year earlier than the same period last year, and the earnings per share were 1.25 dollars, compared with the US dollar in the same period last year. After adjusting, EBITDA recorded the US dollar in the same period last year, which was US $2014 in the same period last year. 2014 money

In the 2013 fiscal year, the group also operates two brands of Lucky Brand and Juicy Couture.

Kate Spade & Co. is relatively weak in anticipation of the current fiscal year. It expects the same store sales in fiscal year 2015 to grow at a high digits, with an expected revenue of US $1 billion 200 million and -12.75 billion. After adjustment, EBITDA is expected to be US $185 million US $-2.00, and 50-55 new stores are expected.