Iconix Boosts Net 25 Percent in Second Quarter

[caption id="attachment_2207" align="alignleft" width="225"]        [/caption]

NEW YORK-Second-quarter net income for Iconix Brand Group totaled $26.1 million, a hefty 25 percent ahead of the second quarter of 2009 and the highlight of a record second quarter for the brand-management company.

Iconix accomplished this on a gain of 35 percent in revenue, which totaled $76 million for the quarter. Selling, general and administrative expenses did rise 52 percent as well. Neil Cole, chairman and chief executive officer, said the company's direct-to-retail business model continues to drive its sales growth, with the majority of the direct-to-retail brands experiencing double-digit growth in the quarter.

Cole cited the company's Peanuts brand, which the company purchased early in the second quarter, and "the worldwide access (the brand) gives us in over 40 countries."

For all of 2010, Iconix said its expects total sales to range between $305 million and $315 million.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Von Tobel Cites Brass Textures Among Top Trends

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover for September 2017


    September 2017


    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.