Kate Spade sales buoyed by central brand

Kate Spade Co. proclaimed its first-quarter sales grew, centric by a surge in its core Kate Spade brand.

The company posted a very wider loss from continuing action, however.

The former Fifth & Off-shore Cos. and Liz Claiborne Incorporation. became Kate Spade in January. Former chief William McComb lessened the company's focus to the namesake pouch brand by shedding dozens of others--most recently Lucky Brand--over the past nine years. Along with this greater emphasis on most of the Kate Spade brand, the company--along with rival iPad cases Michael Kors Entente Ltd. --has cut into opponent Coach Inc. 's share method handbag market.

Chief Executive Craig Any kind of. Leavitt said the company's performance "continued to be very strong" in the segment. The company had said in January that the first quarter had began in a positive direction, even in the interim the severe winter weather that had a weight of on so many other companies' success for the period.

Overall, Kate Spade posted a profit of $46. a number of million, or 37 cents a very share, compared with a loss of $52. 2 million, or 44 pennies a share, a year earlier. Comes from continuing operations--which include the winding-down Eye-popping Couture brand but exclude Lucky--reflected a loss of $54. 7 trillion, or 44 cents a have, compared with a year-earlier loss of $39. 6 million, or 33 pennies a share.

Net sales, and the also include Juicy Couture but cast Lucky Brand, rose 34% and $328. 1 million.

Net earnings of the Kate Spade brand took up 54% to $217 million, outpacing the $202 million projected according to analysts surveyed by Thomson Reuters news agency.

Kate Spade direct-to-consumer sales took up 29% on a comparable basis, just like the benefit of a 14th week of most sales. Without that week, direct selling rose 22%, the company said.

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