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Craig Leavitt, chief executive officer of Kate Spade Peter Foley | Bloomberg | Getty Images Handbag maker and accessories maker Kate Spade's sales at established stores in the first
quarter handily beat analysts' estimates due to higher demand in North America. The company is focusing on its higher-end brand, kate spade new york, investing in its online business
and expanding into areas such as furniture and children's clothing to become a more lifestyle brand. Same-store sales, including those online, rose 19 percent, the biggest rise in five
quarters, and easily beat the average analyst estimate of 13.1 percent growth, according to research firm Consensus Metrix. Sales in North America rose 17 percent, to $219 million, in the
latest quarter, picking up from the 14.9 percent rise in the previous quarter. Time Warner revenue boosted by Turner, HBO The region accounts for 80 percent of total sales, which rose 7.5
percent to $274.4 million in the quarter ended April 2. That helped the company post a net profit of $11.6 million, or 9 cents per share, compared with a loss of $55.2 million, or 43 cents
per share, a year earlier.
