Kate Spade (KATE) reported earnings Wed 3 Aug 2016 (b/o)

** charts before earnings **

** charts after earnings **

Kate Spade beats by $0.05, reports revs in-line; guides FY16 EPS below consensus, revs below consensus  :

• Reports Q2 (Jun) earnings of $0.19 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of $0.14; revenues rose 13.9% year/year to $320 mln vs the $318.2 mln Capital IQ Consensus.
  • Direct-to-consumer comparable sales growth of 4% for the second quarter.
  • Comparable sales per square foot for kate spade new york stores were $1,619 for the latest twelve months, compared to $1,611 for the twelve month period ended April 2, 2016.
• Co issues downside guidance for FY16, sees EPS of $0.63-0.70, excluding non-recurring items, vs. $0.78 Capital IQ Consensus Estimate; sees FY16 revs of $1.370-1.400 bln vs. $1.41 bln Capital IQ Consensus Estimate.
  • Sees EBITDA in the range of $242-260 mln.