By  on November 9, 2018

Shares in Iconix Brand Group Inc. fell Friday after the company reported third-quarter results that were impacted by the Sears Holdings Corp. bankruptcy filing last month.

Bob Galvin, chief executive officer of Iconix, said the filing “resulted in P&L charges, however, we continue to forecast debt covenant compliance.” The company posted an operating loss in the third quarter that included an $8.2 million bad debt expense due to the Sears bankruptcy.

To continue reading this article...

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus