Kate Spade

Kate Spade & Company debuted on February 26, 2014, but the initial sparks formed far earlier in the minds of two imaginative and driven women. Liz Claiborne (in 1976) and Kate Spade (in 1993), each frustrated they couldn't find what they believed women were looking for in the marketplace, took matters into their hands and founded their own successful companies. And so the spirit of our company was born.

Today, Kate Spade & Company designs and markets accessories and apparel principally under two global, multichannel lifestyle brands: kate spade new york and Jack Spade.

Type
Subsidiary
Parent Company
Coach
HQ
New York, US
Founded
1994
Kate Spade was founded in 1994 and is headquartered in New York, US

Key People at Kate Spade

Craig A. Leavitt

Craig A. Leavitt

Chief Executive Officer and Director
Tomas Linko

Tomas Linko

CFO
Mary Renner Beech

Mary Renner Beech

CMO
George Carrara

George Carrara

President & COO
Linda Yanussi

Linda Yanussi

SVP of Information Technology and Global Operations

Kate Spade Office Locations

Kate Spade has an office in New York
New York, US (HQ)
2 Park Ave Rm 8r

Kate Spade Data and Metrics

Kate Spade Summary

Founding Date

1994
Kate Spade is a subsidiary of Coach

Kate Spade Financial Metrics

Kate Spade's revenue was reported to be $271.2 m in Q1, 2017
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.3 b1.1 b1.2 b1.4 b

Revenue growth, %

(10%)9%11%

Cost of goods sold

204.8 m306.8 m458.3 m458.3 m488.6 m

Gross profit

958.2 m680.3 m784.4 m892.9 m

Gross profit Margin, %

76%60%63%65%

EBIT

(45.5 m)33.5 m66.4 m183.6 m

EBIT margin, %

(4%)3%5%13%

Net Income

73 m159.2 m17.1 m153.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

266 m250.4 m255.3 m281.1 m277.3 m274.4 m319.7 m316.5 m271.2 m

Cost of goods sold

110.1 m93.1 m100.6 m109.6 m107.5 m104.9 m129 m128.6 m99.8 m

Gross profit

155.9 m157.3 m154.7 m171.5 m169.8 m169.5 m190.7 m187.9 m171.5 m

Gross profit Margin, %

59%63%61%61%61%62%60%59%63%

EBIT

9.9 m3.5 m(37.1 m)17.5 m12.3 m17.7 m34.1 m37.1 m6.9 m

EBIT margin, %

4%1%(15%)6%4%6%11%12%3%

Pre tax profit

(13.2 m)(51.8 m)10.4 m2.9 m

Net Income

(4.4 m)(9.1 m)(55.2 m)8.5 m2.3 m11.6 m26.8 m29.6 m1.4 m
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

179.9 m59.4 m130.2 m184 m184 m297.9 m

Current Assets

651.7 m474.5 m621.7 m757.5 m

PP&E

149.1 m174.1 m174 m167.2 m

Goodwill

49.1 m64.8 m48.7 m50 m

Total Assets

977.5 m926.3 m980.4 m1.1 b

Accounts Payable

142.7 m88.4 m109.3 m93.1 m

Total Debt

394.2 m410.7 m401.6 m393.4 m

Current Liabilities

445.2 m252.8 m267.2 m224.4 m

Additional Paid-in Capital

156 m199.1 m224.7 m251.8 m

Retained Earnings

1 b1.1 b1.2 b1.3 b

Total Equity

(32.5 m)199.6 m245.2 m429.9 m

Debt to Equity Ratio

-12.1 x2.1 x1.6 x0.9 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x0.4 x

Financial Leverage

-30.1 x4.6 x4 x2.6 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

177.1 m123.3 m212.6 m231.4 m219.7 m260.6 m306.5 m308.1 m422.3 m

Inventories

178.2 m220.7 m182.5 m188.4 m248.4 m220.7 m217.4 m262.6 m215.1 m

Current Assets

467 m446.8 m508.4 m522.2 m563.4 m583.7 m624.6 m677 m738.6 m

PP&E

165.6 m176.4 m168 m171.3 m177.3 m175.3 m178 m179.3 m159.4 m

Goodwill

72.5 m68.9 m49.4 m47.8 m48.8 m52.3 m56.3 m56.7 m52.2 m

Total Assets

922.1 m905.6 m861.9 m871.9 m922.3 m951.9 m997.1 m1.1 b1.1 b

Accounts Payable

94 m111.6 m96.7 m101.7 m132.2 m99.8 m105.9 m120.6 m93.4 m

Current Liabilities

275.4 m271.2 m239.7 m241.1 m283.7 m222.2 m227.3 m243.7 m201.9 m

Additional Paid-in Capital

187.9 m193.6 m205.1 m211.9 m218.5 m232.6 m240.8 m246.9 m258 m

Retained Earnings

1 b1 b1.1 b1.1 b1.1 b1.2 b1.2 b1.2 b1.3 b

Total Equity

77.5 m70.2 m151 m164 m173.4 m267.5 m307.2 m345.1 m436.3 m

Financial Leverage

11.9 x12.9 x5.7 x5.3 x5.3 x3.6 x3.2 x3 x2.5 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

73 m159.2 m17.1 m153.6 m

Depreciation and Amortization

59.9 m54.4 m49.9 m49.3 m

Accounts Payable

20.7 m(9.7 m)23.9 m(18.1 m)

Cash From Operating Activities

(24 m)14.4 m105.6 m244.9 m

Purchases of PP&E

(78.1 m)(93.6 m)(55.1 m)(46.3 m)

Cash From Investing Activities

94.1 m3.2 m19.3 m(59.2 m)

Cash From Financing Activities

6.1 m40.6 m(8.5 m)(3.2 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(4.4 m)(9.1 m)(55.2 m)8.5 m2.3 m11.6 m26.8 m29.6 m1.4 m

Depreciation and Amortization

12.5 m

Accounts Payable

94 m111.6 m96.7 m101.7 m132.2 m99.8 m105.9 m120.6 m800 k

Cash From Operating Activities

(40.3 m)

Purchases of PP&E

(9.9 m)

Cash From Investing Activities

(11.6 m)

Cash From Financing Activities

(5.8 m)

Traffic Overview of Kate Spade

Kate Spade Online and Social Media Presence

Kate Spade News and Updates

With its purchase of Kate Spade, Coach aims to become a global luxury powerhouse

Heads up, Europe: Your luxury conglomerates are getting a new American counterpart—sort of. Handbag maker Coach announced today that it is acquiring another American handbag…

Some of Wall Street's top boutique firms just landed a big payday

Two big-name deals announced Monday are set to line the pockets of numerous boutique investment banks. The luxury retailer Coach said in a statement that it agreed to buy Kate Spade for $18.50 a share, for a total transaction value of $2.4 billion. And Sinclair Broadcast Gro…

Coach buys Kate Spade for $2.4bn (£1.85bn)

Luxury brand Coach has announced it will buy Kate Spade, the American handbag firm, in a $2.4bn (£1.85bn) tie-up. The New York-based firm has offered $18.50 for each Kate Spade share, a premium of nine per cent of Kate Spade's closing price on Friday, and a 27.5 per cent premium on Kate Spade's s…

Coach is buying Kate Spade for $2.4 billion (COH, KATE)

Luxury retailer Coach announced on Monday it agreed to buy Kate Spade for $18.50 per share, for a total transaction value of $2.4 billion. The combined company will create a "leading luxury lifestyle company" supported by "significant expertise in handbag design, merchandisi…

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, F, TSLA, YHOO, VZ)

Here is what you need to know. The GOP is working on a new healthcare bill. Vice President Mike Pence and two top White House officials met with members of the House Freedom Caucus on Monday in hopes of reviving plans to repeal and replace Obamacare, the Associated Press rep…

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Kate Spade Company Life and Culture

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