Kate Spade & Company reports profit in Q1, net sales up 14.5 percent

Kate Spade & Company said that for the first quarter ended April 2, 2016 net sales were 274 million dollars, an increase of 35 million dollars or 14.5 percent compared to the first quarter of 2015, excluding sales for wind-down operations. Reported net sales for the quarter were 255 million dollars.