- Kate Spade (NYSE:KATE) flexed its e-commerce muscles in Q4 with a 9.3% gain in comparable sales. Comparable sales were down 1.50% apart from the e-commerce business.
- Management tightened the belt a bit during the quarter, SG&A expenses fell to 39.1% of sales from 43.0% a year ago.
- The company says it's exploring strategic alternatives, music to the ears of many investors looking for a takeover premium. No timetable has been set.
- Previously: Kate Spade beats by $0.06, misses on revenue (Feb. 16)
- KATE +10.57% premarket to $21.75.