Joe’s Jeans Inc. unexpectedly moved into the black in the third quarter as both the wholesale and retail operations generated sales increases of more than 24 percent.
In the three months ended Aug. 31, net income hit $1.4 million, or 2 cents a diluted share, versus a loss of $2 million, or 3 cents, in the year-ago period. Analysts expected the company to report a 1 cent a share loss.
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?"