×
68 687
Fashion Jobs
TUMI
Women's Buyer
Permanent · EDISON
NIKE
North America Brand Planning Director, Consumer Direct Marketing And Integrated Media
Permanent · Beaverton
NIKE
Information Strategy Project Manager
Permanent · Beaverton
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - ny 59th st
Permanent · New York
BLOOMINGDALE'S
Asset Protection Detective, Full Time - ny 59th st
Permanent · New York
URBN
Anthropologie Design Director - Furniture
Permanent · PHILADELPHIA
URBN
Anthropologie Design Director - Fabric & Textile Concept
Permanent · PHILADELPHIA
URBN
Free People Associate Merchandise Planner
Permanent · PHILADELPHIA
BATH & BODY WORKS
District Manager -ne Cleveland
Permanent · AURORA
BATH & BODY WORKS
District Manager - North West Columbus
Permanent · COLUMBUS
BATH & BODY WORKS
Cyber Security Incident Response, sr Analyst
Permanent · COLUMBUS
BATH & BODY WORKS
District Manager - Vegas/South az
Permanent · LAS VEGAS
BATH & BODY WORKS
District Manager - Dayton
Permanent · TROY
BATH & BODY WORKS
Senior Manager, Content Production
Permanent · REYNOLDSBURG
BATH & BODY WORKS
Senior Buyer, Procurement
Permanent · COLUMBUS
UNDER ARMOUR
Contact Center, Business Operations Analyst (Remote)
Permanent · REMOTE
UNDER ARMOUR
Stock Lead, ft
Permanent · ORLANDO
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · CASTLE ROCK
UNDER ARMOUR
Stock Teammate, Part-Time, $15 Per Hour
Permanent · GONZALES
UNDER ARMOUR
Stock Teammate, Part-Time 7am Shift, $15 Per Hour
Permanent · QUEENSTOWN
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · MERIDIAN
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · WEST PALM BEACH
By
Reuters
Published
Oct 29, 2010
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Iconix Q3 beats, says looking to buy more brands

By
Reuters
Published
Oct 29, 2010

(Reuters) - Iconix Brand Group Inc (ICON.O) posted third-quarter results above market estimates as its licensed brands sales surged, and said it was still on the lookout for acquisitions.

Iconix Brand Group
Iconix's Charisma brand

In September, the consumer brands company was said to be in talks to buy Kenneth Cole, but recent reports said talks have stalled and are unlikely to resume soon.

Chief Executive Neil Cole, brother of clothing designer Kenneth Cole -- chairman of Kenneth Cole Productions (KCP.N), said he was confident that Iconix's brands would do well in 2011, and said the company would buy more brands.

In 2009, Iconix acquired 50 percent stake in Ed Hardy brands owner Hardy Way LLC and a 51 percent interest in Ecko portfolio of brands.

Late last year, Iconix was said to be in talks with Playboy Enterprises Inc (PLA.N), but the company said in June it was no longer looking at a potential licensing deal with Playboy because it was "uncomfortable" with some of Playboy's businesses.

Shares of the company, which have gained about 6 percent since it reported second-quarter results in late July, rose 2 percent to $17.96 Thursday on Nasdaq.

The company owns and licenses brands including Candie's, Joe Boxer, Badgley Mischka and Peanuts, and sells its products to retailers like Target Corp (TGT.N), Wal-Mart Stores Inc (WMT.N) and Kohl's Corp (KSS.N).

For the third quarter, Iconix earned 40 cents a share, while analysts, on average, were expecting a profit of 35 cents a share, as per Thomson Reuters I/B/E/S.

Revenue at the company rose about 63 percent to $96.9 million, while analysts were expecting $83.5 million.

Iconix also raised its full-year 2010 revenue view to $323-$328 million from $305-$315 million and adjusted earnings view to $1.38-$1.42 a share from $1.35-$1.40 a share.

(Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Vyas Mohan)

© Thomson Reuters 2023 All rights reserved.