Skip to main content
BoF Logo

Agenda-setting intelligence, analysis and advice for the global fashion community.

The Business of Fashion
Financial Markets

Kate Spade Sales Gets Boost from North America Demand

Kate Spade & Co's sales at established stores in the first quarter handily beat analysts' estimates due to higher demand in North America.
Source: Shutterstock
By
  • Reuters

NEW YORK, United States — Handbag maker and accessories maker Kate Spade & Co's sales at established stores in the first quarter handily beat analysts' estimates due to higher demand in North America.

The company is focusing on its higher-end brand, Kate Spade New York, investing in its online business and expanding into areas such as furniture and children's clothing to become a more lifestyle brand.

Same-store sales, including those online, rose 19 percent, the biggest rise in five quarters, and easily beat the average analyst estimate of 13.1 percent growth, according to research firm Consensus Metrix.

Sales in North America rose 17 percent, to $219 million, in the latest quarter, picking up from the 14.9 percent rise in the previous quarter.

ADVERTISEMENT

The region accounts for 80 percent of total sales, which rose 7.5 percent to $274.4 million in the quarter ended April 2.

That helped the company post a net profit of $11.6 million, or nine cents per share, compared with a loss of $55.2 million, or 43 cents per share, a year earlier.

By: Yashaswini Swamynathan; editor: Savio D'Souza.

© 2026 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Financial Markets
A financial lens on the fast-changing fashion sector, including markets, investors and deals.

L Catterton: Finding Value in a Tough Market

Nikhil Thukral, managing partner at the LVMH-affiliated private equity fund, talks about the ingredients of winning companies, the dynamics challenging fashion's incumbents and how economic shifts are shaping investor strategies in the BoF-McKinsey State of Fashion 2025.

The Best of BoF 2023: Diversity’s Litmus Test

In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.

The Year Ahead: The Future of Fashion Deal-Making

For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.

view more
Latest News & Analysis
Unrivalled, world class journalism across fashion, luxury and beauty industries.

Estée Lauder’s Surprise Acquisition, Explained

The American cosmetic giant’s buyout of Ayurvedic beauty line Forest Essentials came as a surprise. By picking an under-the-radar brand it knows well, the company can show that it’s still in the M&A game without needing to outbid rivals.

VIEW MORE

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
© 2026 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.