Annual Report 2015 Annual Report 2015 Specialty Shop: Regent Street, London
Annual Report 2015 Annual Report 2015 Specialty Shop: Regent Street, London Product category highlights announced or launched in 2015 CONSOLIDATED FINANCIAL HIGHLIGHTS: KATE SPADE & COMPANY Kate Spade & Company (NYSE: KATE) operates principally under two global, multichannel lifestyle brands: kate spade new york and Jack Spade. The Company’s four category pillars – women’s, men’s, children’s and home – span demographics, genders and geographies. Known for crisp color, graphic prints and playful sophistication, kate spade new york aims to inspire a more interesting life. The kate spade new york collection includes the Madison Avenue, Broome Street and on purpose labels. Jack Spade offers a timeless and versatile assortment of bags, sportswear and tailored clothing founded on the aesthetic of simple, purposeful design. The Company also owns Adelington Design Group, a private brand jewelry design and development group. (Amounts in thousands, except per common share data) 2015 2014 2013 NET SALES $ 1,242,720 $ 1,138,603 $ 803,371 GROSS PROFIT 754,107 680,271 496,590 OPERATING INCOME 66,398 33,472 20,215 INCOME (LOSS) FROM CONTINUING OPERATIONS (1)(2) 21,708 76,726 (32,165) NET INCOME (2) 17,087 159,160 72,995 PER COMMON SHARE DATA: BASIC INCOME (LOSS) FROM CONTINUING OPERATIONS 0.17 0.61 (0.27) NET INCOME 0.13 1.26 0.60 DILUTED INCOME (LOSS) FROM CONTINUING OPERATIONS 0.17 0.60 (0.27) NET INCOME 0.13 1.25 0.60 WEIGHTED AVERAGE SHARES OUTSTANDING, BASIC 127,634 126,264 121,057 WEIGHTED AVERAGE SHARES OUTSTANDING, DILUTED (3) 128,222 127,019 121,057 WORKING CAPITAL 354,538 221,705 206,473 NET DEBT (4) 103,706 226,699 263,979 NET SALES ($ MILLIONS) 2015 $1,243 2014 $1,139 2013 $803 WORKING CAPITAL ($ MILLIONS) 2015 $355 2014 $222 2013 $206 NET DEBT ($ MILLIONS) (4) 2015 $104 2014 $227 2013 $264 For further information, see Item 6 – Selected Financial Data and the Consolidated Financial Statements and notes thereto, which are included within the body of the accompanying report.
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