NEW YORK — Bankrupt Kasper ASL Ltd. on Tuesday said that the company posted a first-quarter profit compared with a year-ago loss in the same period.
Income was $8 million, or $1.18 a diluted share, for the three months ended March 29, versus a loss of $24.7 million, or $3.64, last year. The 2002 quarter was restated for a $30.4 million charge for a cumulative effect of a change in accounting principle. Before the charge, net income was $5.7 million, or 83 cents a share. Reorganization costs narrowed in the latest quarter to $1.1 million from $1.6 million last year.
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?"