Profit, Sales Jump for Iconix in Q3

NEW YORK--Net income for Iconix Brand Group rose 32 percent to $29.8 million, fueled by a net sales increase of 63 percent to $96.9 million.

Neil Cole, chairman and chief executive officer, said Iconix has risen as a global consumer-products licensing powerhouse, now with 27 brands representing $12 billion in annual global retail sales in its portfolio. "We remain committed to expanding and growing our portfolio of iconic brands through new categories, geographies and distributions," Cole said. "As we look ahead to 2011, we feel confident about the overall strength of our existing brand portfolio and our ability to acquire world-class brands."

Based on the third-quarter numbers, Iconix increased its full-year 2010 expectation for net sales to $323 million to $328 million, up from its previous prediction of $305 million to $315 million. The new projection, if met, would mark a sales increase of 39 to 41 percent over 2009.

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.

Videos

  • Patti Carpenter Talks Color and its Importance in the Home

    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 August 2017 cover

    HFN's DIGITAL EDITION

    August 2017


    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    ALSO IN THIS ISSUE:

    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.