For the three months ended October 1, 2016, net sales at apparel marketer Kate Spade & Company rose $39 million or 14.1 per cent year over year to reach $317 million. Comparable sales per square foot for Kate Spade New York stores stood at $1,615 for the last twelve months as against $1,619 for the twelve month period ended July 2, 2016.
In the third quarter of fiscal 2017, gross profit as a percentage of net sales was 59.4 per cent, down from 61.2 per cent in the previous fiscal's third quarter.For the three months ended October 1, 2016, net sales at apparel marketer Kate Spade & Company rose $39 million or 14.1 per cent year over year to reach $317 million. Comparable sales per square foot for Kate Spade New York stores stood at $1,615 for the last twelve months as against $1,619 for the twelve month period ended July 2, 2016. #
Income from continuing operations in the reporting quarter stood at $30 million, or $0.23 per diluted share, a steep rise from $5 million, or $0.04 per diluted share, in the prior fiscal's same quarter.
In the period under review, diluted earnings per share from continuing operations using a normalised tax rate was $0.13, vis-à-vis adjusted diluted earnings per share of $0.06 in the third quarter of fiscal 2016. (AR)
ALCHEMPro News Desk – India
marketing@alchempro.com
