Strong trends at Kate Spade

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

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Comments (5)
  • Equitable Research
    , contributor
    Comments (2250) | Send Message
    They are all playing this discounting game. When does the bottom fall out of KATE?
    12 Aug 2014, 09:19 AM Reply Like
  • Long Term Value
    , contributor
    Comments (194) | Send Message
    12 Aug 2014, 11:49 AM Reply Like
  • 11146471
    , contributor
    Comments (1379) | Send Message
    KORS trading after it's earnings beat on REPEAT.


    12 Aug 2014, 11:54 AM Reply Like
  • jzheng220wz
    , contributor
    Comments (132) | Send Message
    anyone thinking of picking up a few shares after today's drop? wonder what the bottom gonna be
    12 Aug 2014, 02:49 PM Reply Like
  • RuiFig
    , contributor
    Comments (7) | Send Message
    This is the right moment to go long on Kate. At today close value there is 30% retiro to catch.
    12 Aug 2014, 05:11 PM Reply Like
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