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Kate Spade & Co

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2017 10-Q, filed May 1, 2017. Its latest SEC filing is a SC 13G/A from Jan 8, 2020.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Sells women's and children's fashion and home goods under kate spade new york, and men's fashion under JACK SPADE, to consumers and retail stores.

How Did They Make Money?

Consumers buy merchandise in stores and online at the time of sale; wholesale retailers buy products for resale, with sales counted when responsibility for the goods passes to them. The company also earns royalties on licensed products, based on contract minimums and licensee sales.

FY2016 revenue

Who Were Their Customers?

Consumers buy through the company's stores and websites; department and specialty retailers buy wholesale, while third-party distributors purchase products for resale in some international markets.

Did Revenues Turn Into Profits?

Yes. It kept 1 cent of every revenue dollar as net income in FY2016 and turned 14 cents into free cash flow.

Operating income, FY2016
13% of revenue
▲ +449% vs FY2014 ($33.5M, 3%)
Net income, FY2016
1% of revenue
▼ −89% vs FY2014 ($159.2M, 14%)
Free cash flow, FY2016
14% of revenue
▲ Now profitable vs FY2014 (−$79.2M, −7%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q1 FY2017, the three months to Apr 1, 2017
Revenue
▼ −1%
vs $274.4M in Q1 FY2016
  • Jul 11, 2017 Coach completed its acquisition of Kate Spade Kate Spade became a direct wholly owned subsidiary of Coach.

Grew. Revenue grew 2.5x in 4 years, from $544.8M in FY2012 to $1.4B in FY2016, about 26% a year.

KATE SPADE SATURDAY wind-down The older report lists KATE SPADE SATURDAY among the KATE SPADE brands; the latest describes kate spade new york and JACK SPADE as its lifestyle brands and says the Saturday wind-down has concluded.

Who Did They Compete With?

Competes with Burberry, Coach, Marc by Marc Jacobs, Michael Kors, Ralph Lauren, and Tory Burch

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