Kenneth Cole Productions Inc. surprised Wall Street with a third-quarter profit on Tuesday, but sales in the period and fourth-quarter top-line projections were below analysts’ estimates.
For the quarter ended Sept. 30, the New York-based vendor said net income grew to $186,000, or 1 cent a diluted share, compared with a net loss of $1.6 million, or 9 cents a share, in the year-ago quarter. Revenue fell 21.5 percent to $103.8 million from $132.1 million in the 2008 period. Analysts surveyed by Yahoo Finance anticipated a net loss of 1 cent on sales of $104.2 million.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"