Iconix Shares Drop on Q2 Earnings ReportThe cfo said the company saw organic growth in men's and international in the second quarter.

[Collection]Investors were not pleased with the second-quarter earnings report from Iconix Brand Group. The company swung to a net loss of $79.4 million, or $1.26 a diluted share, from net income of $43.6 million, or 74 cents, a year ago. On an adjusted basis, net income was $7.7 million, or 12 cents a share. Licensing revenue fell 18.5 percent to $50.2 million from $61.6 million. Wall Street was expecting adjusted earnings per share of 12 cents on revenues of $54 million. Investors sent shares of Iconix down 13.9 percent to 52 cents early in Wednesday’s trading session. David Jones, chief financial officer, said, “with a stable balance sheet, we continue to focus on the business and have seen our licensing activity pick up year-over-year. We were pleased to register organic growth in both our men’s and international segments for both the second quarter of 2018 and the first half of 2018.” The cfo added that the company’s “brands in transition continue to draw a lot of interest and we are working through several promising opportunities.” While the company has been reviewing its brand portfolio and making progress on retooling its licensing opportunities, there’s also been chatter in the markets that the company is also eyeing a

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