Kate Spade Growth Slowed Sharply In The Three Quarter, But Increased By Only 15.2%.

In recent years, the hot luxury brand has also been unable to escape the growth slowdown in the current difficult retail environment. Following the collapse of the Coach Inc. (NYSE:COH) Coach, the Michael Kors Holding Ltd. (NYSE:KORS) in the two quarter of the same year, the growth of the same store sales is far from the market expected to release the real signs of slowing down. Spared 。

Kate Spade & Co. (NYSE:KATE) released three quarter earnings before Thursday, showing that the same store sales increased by only 15.2% this quarter. The two quarter 30.4% halve. However, the group's annual growth in the same store sales is expected to rise sharply from 15%-17% to 19%-21%, plus a series of positive benefits such as increased gross margin and narrowed net loss. Kate Spade & Co. (NYSE:KATE) jumped 12.34% before.

The group achieved a net sales of $250 million in the three quarter ended October 4th, less than $254 million expected by the market, an increase of 29.5% over the same period last year of 193 million and a 49% increase in the two quarter.

Sales in North America increased by 36.4% to $193 million a year. Up to the end of the quarter, there were 98 stores and 57 discount stores, which increased by 21 and 18 compared with the same period last year, and the retail area increased by 47%. International sales increased by 32.8% to US $51 million, and the retail area increased by 34%.

Net loss fell to $9 million 130 thousand, compared with $16 million 866 thousand a year ago. The diluted share loss decreased from $0.14 last year to $0.07. The diluted share loss in continuing operations narrowed to $0.02 from $0.12 a year earlier, which is in line with market expectations. At the operating profit level, it turned into a profit, recorded a profit of $3 million 547 thousand, and a loss of $1 million 329 thousand during the same period last year. Adjusted EBITDA increased by 69% to $21 million.

Gross margin rose by 140 basis points to 62.8%.

　　 group At the same time, the adjusted EBITDA is expected to reach 1.3-1.4 billion, and it is estimated that the profit margin of EBITDA will reach 18%-20% in the 2016 fiscal year, and the EBITDA profit margin will be 8.4% in the three quarter.

Kate Spade & Co. (NYSE:KATE) CEO Craig A. Leavitt said in its earnings report that the group will continue to promote product category expansion and geographical expansion, while "improving profitability and creating solid business is the top priority."

Kate Spade & Co. (NYSE:KATE) closed at $26.20 on Wednesday, down 1.32%, when Kate Spade & Co. (NYSE:KATE) narrowed to 9.37% before Thursday, while it was $28.72.