Fifth & Pacific Companies reports preliminary 2012 results.
M2 EQUITYBITES-January 15, 2013-Fifth & Pacific Companies reports preliminary 2012 results(C)2013 M2 COMMUNICATIONS http://www.m2.com
Fifth & Pacific Companies Inc (NYSE:FNP) on Monday reported preliminary full year 2012 total net sales of USD1,505m.
Adjusted EBIDTA is expected to be in the range of USD100m to USD05m, which is reportedly at the low end of the guidance range provided previously and up by approximately 25%, as compared with full year 2011 on a comparable basis.
For the fourth quarter of 2012, preliminary direct to consumer comparable sales (inclusive of e-commerce net sales) are 27% for kate spade brand: 3% for Lucky Brand and a negative 2% for Juicy Couture brands.
Also, the company expects Q4 2012 adjusted EBITDA to be in the range of USD63m to USD68m.
In addition, for 2013, the company provided initial guidance of adjusted EBIDTA of USD120m to USD150m.
Fifth & Pacific Companies designs and markets a portfolio of retail-based, premium, global lifestyle brands.
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