Flagging sales, pared margins and restructuring charges helped shrink Maidenform Brands Inc.’s fourth-quarter earnings by almost 62 percent, but the innerwear maker’s adjusted results beat analysts’ predictions.
The Iselin, N.J.-based firm said Wednesday that first-quarter and full-year earnings would match or top the Wall Street estimates. The better-than-expected performance and positive guidance helped to lift Maidenform shares 15 cents, or 1.8 percent, to $8.73.
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)