NEW YORK — Robust sales helped Kenneth Cole Productions raise its bottom line 15.8 percent in the third quarter, despite a charge taken on its Rockefeller Plaza store.
For the three months ended Sept. 30, the footwear, apparel and accessories marketer reported net income swelled to $6.8 million, or 33 cents. That compares with last year’s profits of $5.9 million, or 29 cents. A $4.4 million pretax charge for the write-down of the leasehold improvements at the Rockefeller Center flagship store subtracted 14 cents from earnings per share, while an audit of certain licensees resulted in a 3-cent gain. Without these items, EPS would have totaled 44 cents, 4 cents higher than Wall Street estimates.
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)
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