NEW YORK — Improved execution and its recent Mexx Canada acquisition lifted Liz Claiborne Inc.’s second-quarter earnings 19.5 percent, a penny above analysts’ expectations.
For the three months ended June 29, net income was $38.8 million, or 36 cents a diluted share, from $32.5 million, or 31 cents, in the year-ago quarter. Wall Street’s consensus estimate was 35 cents. The results beat Liz’s previous guidance of 33 to 35 cents for the quarter.
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)