Iconix Brand Group (ICON) Misses Q3 EPS by 7c, Revenues Miss; Lowers FY18 Revenue Guidance

Iconix Brand Group (NASDAQ: ICON) reported Q3 EPS of $0.02, $0.07 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $46.22 million versus the consensus estimate of $47.5 million.

Bob Galvin, CEO commented, "Our results for the quarter were negatively impacted by the Sears bankruptcy filing which resulted in P&L charges, however, we continue to forecast debt covenant compliance. While the domestic business did not see the progress we had hoped for, our international business continued its profitable growth. We are critically evaluating our operational cost structure to ensure it is aligned with our current level of business and near term plans."

GUIDANCE:

Iconix Brand Group sees FY2018 revenue of $185-195 million, versus the consensus of $199.8 million.

For earnings history and earnings-related data on Iconix Brand Group (ICON) click here.

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