NEW YORK — Surging apparel sales contributed to substantial bottom-line gains for Reebok International Ltd. in the third quarter.
For the three months ended Sept. 30, the Canton, Mass.-based footwear and apparel titan reported a 26.5 percent improvement in earnings to $53.4 million, or 81 cents per diluted share. That compares with last year’s quarter when Reebok recorded net income of $42.2 million, or 66 cents. Earnings per share eclipsed Wall Street estimates by 3 cents.
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?"