NEW YORK — Vigorous revenue growth boosted the bottom line as Kenneth Cole Productions Inc. produced substantial earnings and sales gains in the second quarter of fiscal 2002.
For the three months ended June 30, the New York-based footwear, apparel and accessories marketer reported net income swelled by more than a third, gaining 36 percent to $5.4 million, or 26 cents a diluted share. That compares with last year’s profits of $4 million, or 19 cents. Earnings per share beat Wall Street forecasts by a penny and met the company’s own most recent revised guidance issued July 19. Previously, KCP had expected to earn 20 to 22 cents a share.
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?"