Warnaco Group Inc.'s Calvin Klein business dominated a double-digit sales increase that helped the company return to profitability in the fourth quarter.
The firm said late Monday that, for the three months ended Jan. 2, net income was $11 million, or 23 cents a diluted share, against a loss of $16.3 million, or 35 cents, in the year-ago quarter. Excluding discontinued operations and items such as restructuring charges and pension expense, adjusted earnings per share more than doubled to 64 cents, 7 cents above analysts’ expectations, from 28 cents a year ago.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)