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.

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