Strong trends at Kate Spade

|About: Kate Spade & Company (KATE)|By:, SA News Editor

Kate Spade (NYSE:KATE) reports comparable direct-to-consumer sales rose 30.4% in Q2.

The rate of sales growth for both the Kate Space North America and Kate Spade International segments was over 50% during the period.

The retailer's gross profit rate fell 320 bps to 58.6% on a shift in mix toward off-price volume.

KATE +5.8% premarket