Inventory discipline and across-the-board revenue gains allowed Kenneth Cole Productions Inc. to move to a first-quarter profit.
For the three months ended March 31, net income was $1.8 million, or 10 cents a diluted share, against a loss of $8.2 million, or 46 cents, in the year-ago quarter. Excluding a onetime gain from the sale of an investment, income was 5 cents a share, beating analysts’ estimates by 1 cent.
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?"