Kate Spade (KATE) Earnings Report: Q1 2015 Conference Call Transcript

(KATE - Get Report) conference called took place on January 29, 2015, 08: 45 AM ET. One such transcript of that earnings call:

Craig Leavitt; Kate Spade iPhone 6 cases and Tiny}; CEO

George Carrara; Kate Spade iPhone 6 and Company; President, COO

Ed Yruma; KeyBanc Capital Market; Expert

Heather Balsky; Bank of East; Analyst

(started in progress) taught by chief executive officer Craig Leavitt.

Kate Spade (KATE) Earnings Report: Q1 2015 Conference Call Transcript

TheStreet | 01/29/15 - 05: 52 PM EST

Julian Robertson Chooses Harman International, Kate Spade Dive

TheStreet | 01/29/15 - 01: 04 PM EST

Kate Spade (KATE) Stock Storming The Home Today

TheStreet | 01/29/15 cash 11: 31 AM EST

Investment driven Cheer Coach's Earnings but Profit Picture Still Isn't Pretty

TheStreet | 01/29/15 - 11: 30 AM EST

Kate Spade (KATE) Stock Soaring Today on Start up company Plans, Updated Guidance

TheStreet | 01/29/15 - 10: 26 VERY GOOD EST

After the opening remarks, i will be taking questions. This call become recorded and is copyrighted material. For that reason please note that it cannot be recorded, transcribed, or rebroadcasted without Kate Spade

and Company's permission. Your contribution implies compliance with these requirements. It implies agree, simply drop off the line.

Twelve common that there will be a slide presentation contemporaneous the prepared remarks. Today's report and slides can be assessed through www.katespadeandcompany.com in the investor relations piece. There are separate links to the slide's for Web cast and phone or on our website participant.

Please note that statements constructed during this call that relate to the business's future performance and future ordeals are forward-looking statements within the completely private Securities Litigation Reform Act. The best forward-looking statements are based on current requirements and are subject to the qualifications but also cautionary statements set out in this morning's press release, including those under the caption forward-looking statements as well as in the company's twelve monthly report on form 10K for its fiscal year ended December otteogtyve, 2013 and the quarterly report on come to be 10Q for the quarterly period was over October 4, 2014, each of basically filed with the SEC under the sayings item 1A risk factors, alongside statement regarding forward-looking statements.

Enterprise undertakes no obligation to freely update or revise any forward-looking statement whether as a result of new help and advice, future events, or otherwise.

Also, note that during this call and in the main accompanying slides and press release, female results are presented on a non-GAAP adapted basis. The adjusted results at 2014 exclude the impact of fees in code and connection with the business's streamlining initiatives, brand existing fun-based activities, losses on extinguishment of your debt, non-cash impairment charges, losses on a asset disposals, non-cash share foundation compensation expense, and unrealized but also certain realized foreign currency transaction continuity.

In addition , adjusted EBITDA, net enable currency transaction adjustments, adjusted EBITDA margin and comparable adjusted EBITDA are non-GAAP measures that our of course presented in the accompanying slides but also press release.

The company also presents very close adjusted EBITDA, which the company utilizes to measure his performance just after giving effect to the anticipated but resulting from Juicy Couture and Happy brand divestitures on the company's new corporate phone system expense structure for 2013 on their comparable basis for 2014.

Enterprise presents these adjusted measures and also the company believes that these measures show a more meaningful presentation of the corporation's historical operations and projected consumer banking performance as these measures provide period-to-period comparisons that our consistent and more quite readily understood.

The company considers these strategies as important supplemental measures of performance and believes they are used often by securities analyst, investors together with interested parties in the evaluation and are generally companies in its industry.

As the business organisation} has not completed its quarter but also year-end fiscal close and its test of fiscal 2014 and the review of its 2014 financial statements, is definitely not complete the results presented are roughly and preliminary and therefore may improve.

No party has reviewed also audited the preliminary results insurance quotes of 2014 GAAP results but also reconciliation as the various non-GAAP strategies are not provided as the company is definitely not completed its accounting or female streamlining initiatives and brand getting out activities and other items. No reconciliations of 2014 adjusted EBITDA at GAAP measures are provided because they are unavailable.

Now I'd like to turn the call to your host Mr. Leavitt. If you please go ahead, sir.

Good morning and thanks to joining us to discuss this essential announcement.

With me today is George Carrara, Kate Spade

and Industry's President and Chief Operating Policeman.

On today's call, I will presentation the announcement we made this mid-day regarding Kate Spade

Saturday but also Jack Spade and provide a brief critique of key financials for the all year 2014. We will also talk our summary guidance for 2015. Additionally afterward, George and I will take a few pre-determined questions.

I'd like to begin by discussing today's launch in the context of our powerful along with story. We continue to focus on unknown people axes of growth: geographic development and product category expansion, a fact putting the right resources behind centered initiatives to maximize profitability in the all around mid-and long-term.