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Article Date: November 2019
Word Count: 153

Iconix Back in the Red in Q3


Net loss was $35,708,000 in the third quarter against income of $20,224,000 last year, including a $17 million impairment charge for Marcy Media this year and a one-time non-cash gain last year, as licensing revenues declined 23% to $35,471,000 from $46,224,000. SG&A was reduced by almost $4 million, but still deleveraged 890 basis points on the lower sales. Men’s was the lone bright spot, gaining 9% to $7,942,000, driven by Buffalo and Starter. Women’s was down 32% ... Log in to view full article.

 


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