NEW YORK — Kenneth Cole Productions Inc. continued to celebrate its 20th birthday in style as solid top-line growth and one-time charges in the prior-year period allowed third-quarter profits to surge by half.
For the three months ended Sept. 30, the New York-based company said net income advanced 47.8 percent to $10 million, or 49 cents a diluted share, which beat the Wall Street estimate by 1 cent. That compares with last year’s earnings of $6.8 million, or 33 cents. Excluding nonrecurring aftertax items accruing to 11 cents, year-ago earnings would have been 44 cents.
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)