Kate Spade Fourth Quarter Performance Rose Sharply

Kate Spade & Co. announces lower sales in the fourth quarter

In the three months ending January 2nd, its net profit fell 51.4% to 6150 US dollars from last year's US $126 million 500 thousand.

In order to develop international emerging markets, Kate Spade plans to open branches in India at the end of 2016.

It has always been the focus of growth of the company.

According to the fourth quarter earnings report, Kate Spade international sales rose 18.7% to $51 million.

Based on US GAAP, sales fell by 13.3% to $52 million.

The fourth quarter

It rose 7.6% to $429 million from $399 million in the same period last year, and 14% after adjustment, excluding sales after liquidation.

Retail sales grew by 14% over the same period last year.

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The US luxury brand Coach went out of the trough and recorded 4.5% growth after 10 consecutive quarters of revenue decline. The company's earnings per share also exceeded Wall Street's expectations in the latest quarter.

The growth of Coach's turnover was mainly influenced by the outstanding performance of the shoe brand Stuart Weitzma, and the two digit turnover growth in Europe, mainland China and Japan.

According to public earnings data, net income fell by 7.3% to $170 million 100 thousand.

Turnover increased to US $1 billion 270 million from 1 billion 220 million US dollars in the same period last year.

On the basis of non GAAP, net income is $188 million and earnings per share are 68 cents.

Following the latest positive results of the first quarter earnings report of the luxury luxury brand Coach, the third quarter of the same luxury brand Michael Kors has brighten up the market temperature of handbags and accessories.

The profit fell to $294 million 600 thousand in the quarter, compared with $303 million 700 thousand in the same period last year.

Business income rose from $1 billion 310 million to $1 billion 400 million.

Michael Kors was outstanding in Asian markets including China, with sales in Japan surging by 59.1%.

According to the results of the report, Michael Kors retail sales increased 11.1% to 766 million 200 thousand US dollars over the previous year. Since the end of the third quarter of 2015, the company has opened 114 new stores.

In addition, the same store sales fell by 0.9%, but Michael's Kors company remained optimistic relative to the FactSet's expected 4.4% decline rate and a 0.9% decline.