Iconix Net Jumps 31.4 Percent in Q2


NEW YORK-Setting new records for both revenue and earnings, Iconix Brand Group posted a gain of 31.4 percent in net income, to $42 million, in its fiscal second quarter ending on June 30.

Licensing and other revenue for the brand-management company totaled $115.1 million, up 22.9 percent from the second quarter of last year. The top line benefited from the formation of two international joint ventures, one in Canada and the other in India, during the quarter. The two ventures contributed a total of $15.4 million in revenue.

Selling, general and administrative expenses were 25.9 percent in dollars and 89 basis points as a percentage of sales, to 37.9 percent.

Based on these results, Iconix said it is maintaining its forecast of $425 million to $435 million of total revenue for the fiscal year. Neil Cole, chairman and CEO, said the company's performance "demonstrates the power of our business model," and points the way to additional growth over the next few years as the company builds its existing brands and adds other brands to its portfolio.

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.


Current Issue

  • HFN May digital issue


    May 2017

    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money