EXHIBIT 99.1

KATE SPADE & COMPANY REPORTS FIRST QUARTER 2016 RESULTS

·     Direct-to-consumer comparable sales growth of 19% for the first quarter

·     Net sales increase of 15% for the quarter, excluding wind-down operations in 2015; on a reported basis, net sales increase of 7%

·     First quarter Adjusted EBITDA of $35 million, or 13% of sales, an increase of 26% excluding wind-down operations in the quarter last year

·     Diluted earnings per share of $0.05 for the quarter, using a normalized tax rate, an increase of 67% excluding wind-down operations in the quarter last year

·     Reaffirms full year 2016 guidance

NEW YORK – MAY 4, 2016 – Kate Spade & Company (NYSE:KATE) today announced results for the first quarter ended April 2, 2016.

Craig A. Leavitt, Chief Executive Officer of Kate Spade & Company, said: “Our first quarter results reflect the stronger, refocused Kate Spade & Company and underscore the effectiveness of our differentiated strategy. We continue to focus on our powerful multi-channel approach, especially fueled by the robust performance of our global eCommerce business, which helped drive our industry-leading comparable sales growth of 19%. Our diverse business model helps position us for sustainable long-term growth.”

George Carrara, President and Chief Operating Officer of Kate Spade & Company, added:  “We are very pleased with our performance in the first quarter on a comparable basis to last year, particularly our robust top-line growth of 15% and Adjusted EBITDA margin expansion of 120 basis points. We remain well-positioned to generate significant margin expansion in 2016 and are confident in achieving our full year top and bottom line guidance.”

For the first quarter of 2016 on a GAAP basis, income from continuing operations was $11 million, or $0.08 per diluted share, compared to a loss from continuing operations of $(54) million, or $(0.42) per diluted share, for the first quarter of 2015. Diluted earnings per share from continuing operations in the first quarter of 2016 using a normalized tax rate were $0.05, compared to adjusted diluted earnings per share from continuing operations of $0.01 in the first quarter of 2015.

FIRST QUARTER RESULTS

Overall Results

Net sales for the first quarter of 2016 were $274 million, an increase of $35 million, or 14.5% compared to the first quarter of 2015, excluding sales for wind-down operations. Reported net sales for the first quarter of 2015 were $255 million. First quarter 2016 direct-to-consumer comparable sales growth was 19%, or 8% excluding eCommerce. Comparable sales per square foot for kate spade new york stores were $1,611 for the latest twelve months, compared to $1,588 for the twelve month period ended January 2, 2016.

Gross profit as a percentage of net sales was 61.8% for the first quarter of 2016.  Gross profit as a percentage of net sales was 62.0%, excluding the impact of wind-down operations, and 60.6% on a reported basis, for the first quarter of 2015.

Selling, general & administrative expenses were $152 million, or 55.3% of net sales in the first quarter of 2016. Selling, general & administrative expenses in the first quarter of 2015 were $137 million, or 57.4% of net sales, excluding the results of wind-down operations, expenses associated with streamlining activities and a $26 million charge to terminate contracts with the Company’s former joint venture partner in China. Reported selling, general & administrative expenses for the first quarter of 2015 were $192 million, or 75.1% of net sales.

Income (loss) from continuing operations on a reported basis was $11 million, or $0.08 per diluted share in the first quarter of 2016, compared to $(54) million, or $(0.42) per diluted share, in the first quarter of 2015. Diluted earnings per share from continuing operations in the first quarter of 2016 using a normalized tax rate were $0.05, compared to adjusted diluted earnings per share of $0.03, excluding a loss of $(0.02) related to results of wind-down operations, in the first quarter of 2015.

Segment Highlights

·                Kate Spade North America net sales for the first quarter of 2016 were $219 million, an increase of $32 million, or 17.1% compared to the first quarter of 2015, excluding sales for wind-down operations. Reported net sales for the first quarter of 2015 were $196 million. Kate Spade North America Segment Adjusted EBITDA was $25 million (11.2% of net sales) for the first quarter of 2016 compared to Segment Adjusted EBITDA Excluding Wind-Down Operations of $20 million (10.9% of adjusted net sales) for the first quarter of 2015. Kate Spade North America Segment Adjusted EBITDA, including results of wind-down operations was $18 million (9.2% of net sales) for the first quarter of 2015.

·                 Kate Spade International net sales for the first quarter of 2016 were $49 million, an increase of $2 million, or 3.2% compared to the first quarter of 2015, excluding sales for wind-down operations. Reported net sales for the first quarter of 2015 were $52 million and $47 million excluding wind-down operations, both of which included $6 million in direct-to-consumer sales from our Hong Kong, Macau and Taiwan operations prior to the transition to a joint venture during the quarter. Kate Spade International Segment Adjusted EBITDA was $9 million (17.5% of net sales) for the first quarter of 2016 compared to Segment Adjusted EBITDA Excluding Wind-Down Operations of $6 million (13.6% of adjusted net sales) for the first quarter of 2015. Kate Spade International Segment Adjusted EBITDA, including results of wind-down operations was $5 million (9.5% of net sales) for the first quarter of 2015.

·                 Adelington Design Group net sales for the first quarter of 2016 were $7 million, an increase of $1 million or 23.8% compared to the first quarter of 2015, excluding sales for wind-down operations. Reported net sales were $7 million for the first quarter of 2015. Adelington Design Group Segment Adjusted EBITDA was $2 million (31.8% of net sales) for the first quarter of 2016 compared to Segment Adjusted EBITDA Excluding Wind-Down Operations

of $1 million (22.5% of adjusted net sales) for the first quarter of 2015. Adelington Design Group Segment Adjusted EBITDA, including results of wind-down operations was $2 million (23.1% of net sales) for the first quarter of 2015.

Store Count Information

2016 GUIDANCE

*Adjusted EBITDA, as presented in the Company’s 2016 guidance, excludes depreciation and amortization, losses on asset disposals and impairments, non-cash share-based compensation expense, income tax provision (benefit), interest expense, net and unrealized and certain realized foreign currency gains (losses).

** Diluted earnings per share estimated using a normalized tax rate of 40%.

CONFERENCE CALL INFORMATION

The Company will host a conference call at 8:30 a.m. Eastern time today to discuss its results for the first quarter 2016. The dial-in number is 1-888-694-4676 with pass code 71008595. The webcast can be accessed via the Investor Relations section of the Kate Spade & Company website at www.katespadeandcompany.com. An archive of the webcast will be available on the website. Additional information on the results of the Company’s operations is available in the Company’s Form 10-Q for the first quarter 2016, to be filed with the Securities and Exchange Commission.

The Company expects to report second quarter 2016 financial results on Wednesday, August 3, 2016.

PRESENTATION OF NON-GAAP FINANCIAL INFORMATION

The adjusted results for 2016 and 2015 present adjusted pretax income (loss) multiplied by a normalized tax rate. The adjusted results for the first quarter 2015 exclude the impact of expenses incurred in connection with the Company’s streamlining initiatives (such as severance costs, contract termination costs, asset write-downs and other costs) and brand-exiting activities, acquisition related costs and loss on settlement of note receivable. The adjusted results for 2015 also exclude a $26 million charge related to the termination of certain contracts with the Company’s former joint venture partner in Kate Spade China Co., Ltd. The Company believes that the adjusted results for such periods represent a more meaningful presentation of its historical operations and financial performance since these results provide period to period comparisons that are consistent and more easily understood. In addition to those items, the Company presents its 2015 adjusted results further adjusted to exclude the adjusted results of wind-down operations (Kate Spade Saturday, Jack Spade brick and mortar, Kate Spade Brazil and brand exits in the Adelington Design Group segment). The Company believes that the adjusted results excluding wind-down operations provide a meaningful presentation of its 2015 results on a comparable basis to its 2016 results. The attached tables, captioned “Reconciliation of Non-GAAP Financial Information,” provide a full reconciliation of actual results to the adjusted results. The Company presents Adjusted EBITDA, which it defines as income (loss) from continuing operations, adjusted to exclude income tax provision (benefit), interest expense,

net, depreciation and amortization, net, expenses incurred in connection with the Company’s streamlining initiatives, brand-exiting activities, acquisition related costs, non-cash impairment charges, losses on asset disposals, loss on settlement of note receivable, non-cash share-based compensation expense and unrealized and certain realized foreign currency transaction adjustments, net. The Company presents the above-described Adjusted EBITDA measures because it considers them important supplemental measures of its performance and believes they are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in its industry.  The Company also presents Adjusted EBITDA Excluding Wind-Down Operations, which the Company defines as Adjusted EBITDA further adjusted to remove the Adjusted EBITDA of Kate Spade Saturday, Jack Spade brick and mortar, Kate Spade Brazil and the brand exits in the Adelington Design Group segment.  The Company believes this Adjusted EBITDA measure provides a meaningful presentation of its 2015 results on a comparable basis to its 2016 results.  References to amounts “on a comparable basis” mean that those amounts exclude the impact of wind-down operations.

The Company determined that the Kate Spade Saturday, Jack Spade, Kate Spade Brazil and Adelington Design Group initiatives in 2015 did not represent a strategic shift in the Company’s operations and therefore did not present these activities as discontinued operations.

ABOUT KATE SPADE & COMPANY

Kate Spade & Company (NYSE: KATE) operates principally under two global, multichannel lifestyle brands: kate spade new york and Jack Spade.  The Company’s four category pillars – women’s, men’s, children’s and home – span demographics, genders and geographies. Known for crisp color, graphic prints and playful sophistication, kate spade new york aims to inspire a more interesting life.  The kate spade new york collection includes the Madison Avenue, Broome Street and on purpose labels.  Jack Spade offers a timeless and versatile assortment of bags, sportswear and tailored clothing founded on the aesthetic of simple, purposeful design.  The Company also owns Adelington Design Group, a private brand jewelry design and development group.  Visit www.katespadeandcompany.com for more information.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Statements contained in, or incorporated by reference into, this press release, future filings by us with the Securities and Exchange Commission (“SEC”), and oral statements made by, or with the approval of, our authorized personnel, that relate to our plans and expectations for future periods are forward-looking statements under the Private Securities Litigation Reform Act of 1995.  Words such as “intend,” “expect,” “contemplate,” “anticipate,” “believe,” “plan,” “forecast,” “target,” “aim,” “project,” “on track,” “are positioned to,” “estimate,” “may,” “will,” “should” and variations of such words and similar expressions and phrases are intended to identify such forward-looking statements. You should not place undue reliance on such forward-looking statements, as they are not guarantees of performance or results.  Although we believe that the expectations reflected in these forward-looking statements are reasonable, these expectations may not prove to be correct or we may not achieve the financial results, savings or other benefits anticipated in the forward-looking statements. These forward-looking statements are simply estimates reflecting the best judgment of our senior management and involve, and are subject to,

a number of risks and uncertainties, many of which are beyond our control and which could cause actual results to differ materially from those suggested by the forward-looking statements.  These risks are more fully discussed in the “Risk Factors” section and elsewhere in the Company’s most recent Annual Report on Form 10-K filed with the SEC on March 1, 2016 and any subsequent quarterly reports on Form 10-Q.  All subsequent written and oral forward-looking statements concerning the matters addressed herein and attributable to us or any person acting on our behalf are qualified by these cautionary statements.  We may change our intentions, beliefs or expectations at any time and without notice, based upon any change in our assumptions or otherwise.  We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations Contact:

Priya Trivedi, Vice President, Finance & Treasurer, Kate Spade & Company, 201.295.6110, ptrivedi@katespade.com

Media Contact:

Emily Garbaccio, Vice President, Communications, Kate Spade & Company, 212.739.6552, egarbaccio@katespade.com

KATE SPADE & COMPANY

CONSOLIDATED STATEMENTS OF OPERATIONS

(All amounts in thousands, except per common share data)

KATE SPADE & COMPANY

CONSOLIDATED BALANCE SHEETS

(All amounts in thousands)

KATE SPADE & COMPANY

CONSOLIDATED STATEMENTS OF CASH FLOWS

(All amounts in thousands)

KATE SPADE & COMPANY

RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION

(All amounts in thousands, except per common share data)

(a)    Adjusted amount represents pretax income multiplied by a normalized tax rate of 40.0%, plus $0.1 million for interest and penalties on uncertain tax positions. The normalized tax rate was derived by reference to statutory tax rates in the regions in which the Company operates, without giving effect to the Company’s valuation allowance or potential use of its net operating loss carryforwards.

(b)   Adjusted diluted earnings per share for the three months ended April 2, 2016 are based on 128,636 shares outstanding.

(c)    Excludes amortization included in Interest expense, net.

(d)   Amount is Other expense, net as shown above, net of foreign currency transaction adjustment of $(1,135).

(e)    Segment Adjusted EBITDA excludes depreciation and amortization and losses on asset disposals.  The costs of all corporate departments that serve the respective segment are fully allocated. The Company does not allocate amounts reported below Operating income to its reportable segments, other than equity loss in its equity method investees. The Company’s definition of Segment Adjusted EBITDA may not be comparable to similarly titled measures of other companies.

(f)     Amounts include equity in the losses of equity method investees of $1,241.

(g)    Amount is Other expense, net as shown above, net of foreign currency transaction adjustment of $(1,135) and equity in the losses of equity method investees of $1,241.

KATE SPADE & COMPANY

RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION

(All amounts in thousands, except per common share data)

KATE SPADE & COMPANY

RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION

(Dollars in thousands)

The following table provides reconciliations of Net Sales as reported to Net Sales excluding wind-down operations (a) in 2015.