Citing continuing across-the-board sales growth and steady improvement in gross margin, Joe’s Jeans Inc. reported Tuesday that its second-quarter profits almost quintupled.
For the three months ended May 31, the Los Angeles-based firm best known for its high-end jeans registered net income of $2 million, or 3 cents a diluted share, up 378 percent from the $422,000, or 1 cent, reported during the comparable 2007 period. Net sales increased 18 percent to $18 million from $15.2 million in last year’s quarter.
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?"