×
142
Fashion Jobs
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
PUMA
Project Manager- Operations
Permanent · Bengaluru
PUMA
Manager- Logistics Operations
Permanent · Bengaluru
PUMA
Warehouse Manager-D2C
Permanent · Bengaluru
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 2022 All rights reserved.