Iconix Brand Group nudged past profit expectations in the first quarter and boosted guidance for the year.
Net income gained 23.9 percent to $34.2 million, or 51 cents a diluted, share, from $27.6 million, or 37 cents, a year earlier. Adjusted earnings of 54 cents came in 2 cents ahead of the 52 cents analysts projected.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"