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Article Date: May 2017
Word Count: 174

Iconix Has Loss Against Profit in Q1


The net loss was $4,280,000 against income of $18,616,000 for the first quarter ended Mar. 31 on a 13% decline in sales to $58,722,000 from $67,676,000. This year’s results include an after-tax loss of $8,682,000 against income of $3,987,000 from the discontinued Entertainment division and Sharper Image, which was sold for $345 million with the proceeds going to pay down debt. The women’s segment licensing revenue fell 12% to $28,143,000 on declines at Danskin, Mossimo and Ocean Pacific while Men’s dipped 20% to $10,193,000, much of that ... Log in to view full article.

 


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