NEW YORK — Record sales led to unprecedented pretax earnings for Oakley Inc. in the second quarter, but a heavier tax burden caused profits to recede from prior-year levels.
For the three months ended June 30, the Foothill Ranch, Calif.-based sunglass and accessory manufacturer reported net income slipped 5.5 percent to $22.3 million, or 32 cents a diluted share. That compares with last year’s earnings of $23.6 million, or 34 cents. However, Oakley’s earnings per share did beat Wall Street estimates by a penny.
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?"