|Bid||0.1300 x 900|
|Ask||0.3000 x 4000|
|Day's Range||0.1348 - 0.1450|
|52 Week Range||0.0700 - 2.0600|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 12, 2019 - Mar 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.70|
The rapper Jay-Z asked a New York state court Wednesday to stop arbitration proceedings in a business dispute, claiming the lack of available African-American arbitrators is discriminatory. In court papers filed Wednesday, lawyers for Jay-Z, whose given name is Shawn Carter, asked a judge to block arbitration proceedings for at least 90 days to allow the parties to find African-American arbitrators.
Jay-Z on Wednesday sued to halt his private arbitration with clothing company Iconix Brand Group Inc, saying the company's inability to find an African-American arbitrator to hear the trademark dispute was unfair. The multimillionaire rapper said in a petition filed in Manhattan Supreme Court that the lack of racial diversity among arbitrators at the American Arbitration Association (AAA) was discriminatory under New York's state constitution and a New York City human rights law.
The league unveiled the official uniforms made by Starter on Nov. 27 on the live televised quarterback draft in Las Vegas.
Iconix Brand Group Inc. shares slipped 3.2% in Friday premarket trading after the consumer brands company reported third-quarter results that were hurt by the Sears Holdings Corp. bankruptcy. Iconix's portfolio includes brands like Rampage, London Fog, Mossimo and Ed Hardy. Iconix's net income totaled $20.2 million, or 1-cent loss per share, after a loss of $552.7 million, or $9.67 per share loss, last year. Adjusted EPS was 2 cents, below the 6-cents FactSet consensus. Revenue was $46.2 million, lower than $53.2 million last year but ahead of the $42.6 million FactSet consensus. "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," Iconix Chief Executive Bob Galvin said in a statement. Iconix lowered its full-year guidance. It now expects revenue of $185 million to $195 million, compared with previous revenue guidance of $190 million to $220 million. The company expects a loss of $105 million to $115 million, versus a loss of $94.4 million to $104.4 million previously. And adjusted net income is forecast to be $5 million to $15 million, down from $20 million to $30 million previously. Iconix stock has plunged 84% in 2018 while the S&P 500 index has gained 5%.
On a per-share basis, the New York-based company said it had net income of 1 cent. Earnings, adjusted for one-time gains and costs, came to 2 cents per share. The clothing brand licensing company posted ...
NEW YORK , Nov. 9, 2018 /PRNewswire/ -- Sears' bankruptcy adversely affecting Company's financial performance International business continues to outperform expectations Projecting stable cash position ...
On Friday, Nov. 9, Iconix Brand Group, Inc. (NASDAQ: ICON ) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release. Earnings and Revenue ...
NEW YORK , Oct. 25, 2018 /PRNewswire/ -- Iconix Brand Group, Inc. (Nasdaq: ICON) ("Iconix" or the "Company"), plans to report its third quarter ended September 30, 2018 financial results ...
Sears was expected to remain solvent through at least the 2018 holiday season, but with a smaller national footprint, Beder said in a research report. Monday's bankruptcy announcement is now seen as "another blow" to Iconix Brand, an exclusive supplier of brands to Sears stores including Bongo, Cannon and Joe Boxer, the analyst said.
The Board of Directors of Iconix Brand Group, Inc. (ICON) ("Iconix" or the "Company") today announced that Robert Galvin has been appointed Chief Executive Officer, President and a member of the Board of Directors of the Company effective October 15, 2018. Mr. Galvin is a proven executive with almost 30 years of experience leading and turning around global brands. He was most recently Chairman of Cherokee Inc., and has served as Chief Operating Officer and European President of Sports Brands International Ltd., Chief Executive Officer of Elie Tahari, Ltd. and President of Camuto Group. In these roles Mr. Galvin has had extensive experience managing global brand licensing activities for these companies. In addition, Mr. Galvin was instrumental in the refinancing of material indebtedness and cost restructurings at Cherokee and SBI.
Limited collection available now at Oceanpacific.com, specialty retailers & independent surf shops. NEW YORK , Sept. 5, 2018 /PRNewswire/ -- Iconix Brand Group, Inc. (Nasdaq: ICON) announces that Ocean ...
Iconix Brand Group Inc. says it’s reviewing all options to address debt that’s coming due, including a new securitization facility, and plans to talk to its investors in the coming quarters. On a conference call to discuss second quarter results, interim Chief Executive Officer Peter Cuneo said Iconix is working with Guggenheim as a financial adviser to review its financing options for near-term debt maturities. The company’s $486 million securitization facility matures in January 2020, said Chief Financial Officer Dave Jones on the call.
On a per-share basis, the New York-based company said it had a loss of $1.26. Earnings, adjusted for non-recurring costs, came to 12 cents per share. The clothing brand licensing company posted revenue ...
NEW YORK , Aug. 8, 2018 /PRNewswire/ -- Second quarter results in line with Company's expectations Projecting stable cash position and debt covenant compliance Progress continues on repositioning of ...
Iconix (ICON) struggles with weak Men's and Home segments. However, savings initiatives and strong global business networks are tailwinds.
NEW YORK , Aug, 1, 2018 /PRNewswire/ -- Iconix Brand Group, Inc. (Nasdaq: ICON) ("Iconix" or the "Company"), plans to report its second quarter ended June 30, 2018 financial results ...
NEW YORK and SHIREBROOK, England, July 26, 2018 /PRNewswire/ -- Iconix Brand Group, Inc. (ICON) ("Iconix" or the "Company") today announced that it has entered into a cooperation agreement with Sports Direct International plc (SPD.L) ("Sports Direct"), pursuant to which Sports Direct has the right to appoint two members of the Company's Board of Directors (the "Board"). Justin Barnes, of IBSL Consultancy Limited, has been appointed to the Board with immediate effect. Additionally, James Marcum, a current member of the Board, shall continue to serve on the Board as a Sports Direct designee. Messrs.