Xcel Brands Inc.’s profit fell sharply, more than 50 percent, in Q3 while revenues soared double digits to $7.3 million.
Iconix shed more than half its share price after pre-announcing lower-than-expected Q3 earnings & its intent to restate previous financial statements.
Q3 revenues totaled 8.6 billion euros, or $9.5 billion, while revenues for the first nine months were 25.3 billion euros, or $27.8 billion.
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Dick’s saw double-digit gains in net income and an 8 percent jump in revenues in Q2, due mostly to its omnichannel-focused business strategy.
The firm—whose footwear partnerships include Under Armour Inc., Coach Inc. and Rachel Zoe— trimmed its net losses in H1 to $40 million.