The Warnaco Group Inc. on Thursday posted a decline in first-quarter income, but said it has been investing in the business to drive revenue growth and raised fiscal year 2011 guidance.
For the three months ended April 2, income was $44 million, or 97 cents a diluted share, down from $48 million, or $1.02, last year. Excluding restructuring charges and other expense items, income per diluted share from continuing operations was $1.10 versus $1.09 a year ago. Revenues rose 12.6 percent to $662.2 million from $588.2 million, while comparable store sales rose 8 percent.
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?"