×
68 866
Fashion Jobs
BANANA REPUBLIC
General Manager - West Town
Permanent · Madison
ADIDAS
Key Account Manager
Permanent · Pittsburgh
CENTRIC BRANDS
Manager, Production
Permanent · New York
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Chevy Chase
Permanent · Chevy Chase
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Willow Grove
Permanent · Willow Grove
MACY'S
Asset Protection Captain, Lakewood Center - Full Time
Permanent · Lakewood
MACY'S
Celebrations Consultant
Permanent · Salem
MACY'S
Product Management Advisor
Permanent · New York
MACY'S
Asset Protection Detective, Summerlin - Full Time
Permanent · Las Vegas
MACY'S
Business Intelligence Workflow/Agent Tools Advisor
Permanent · Deerfield Township
MACY'S
Asset Protection Detective, Woodlands Mall - Full Time
Permanent · The Woodlands
MACY'S
Asset Protection Detective, Warwick Mall - Full Time
Permanent · Warwick
MACY'S
Asset Protection Detective, Fair Oaks - Part Time
Permanent · Fairfax
MACY'S
Asset Protection Detective, Redding mt Shasta - Full Time
Permanent · Redding
MACY'S
Asset Protection Detective, Natick Collection - Full Time
Permanent · Natick
NORDSTROM
Asset Protection - Security Ambassador - Miracle Marketplace Rack
Permanent · Miami
SALLY BEAUTY CORPORATE
Manager, Content Strategy And Operations
Permanent · Denton
ROSS STORES
Senior Financial Analyst, Store Finance
Permanent · Dublin
OLD NAVY
Manager – Product Creation Strategy
Permanent · San Francisco
OLD NAVY
Assistant General Manager, Merchandising - Boynton Beach
Permanent · Boynton Beach
L BRANDS
Senior Merchandise Planner
Permanent · Reynoldsburg
L BRANDS
Manager Merchandise Planning
Permanent · Reynoldsburg
By
Reuters
Published
Apr 25, 2012
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Iconix Brand results miss estimates, cuts forecast

By
Reuters
Published
Apr 25, 2012

Iconix Brand Group Inc, which licenses shoe and clothing brands to retailers and manufacturers, reported lower-than-expected quarterly results as sales fell, prompting the company to cut its full-year forecast.


Spring-summer advertising campaign for Candie's, one of Iconix's brands / Photo: Candie's


Shares of the company fell as much as 14 percent before the bell to $14.60. They closed at $17.02 on Tuesday on the Nasdaq

First-quarter net income was $30.9 million, or 37 cents per share, compared with $35.1 million, or 42 cents per share, a year ago.

Excluding items, the company earned 43 cents per share.

Total revenue fell 4 percent to $88.5 million.

Iconix, which owns brands like Candie's, Danskin and Waverly, expects a full-year adjusted profit of $1.65 to $1.74 per share, down from its previous outlook of $1.77 to $1.84 per share.

The company had announced a joint venture in February with Reliance Brands, part of Mukesh Ambani's Reliance Industries , to sell its brands such as London Fog, Ed Hardy, Mossimo and Ocean Pacific in India.

Iconix said it was still waiting for government approval for the joint venture.

© Thomson Reuters 2022 All rights reserved.