The company’s stock is taking a beating.
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The previously embattled brand management firm is taking more steps to right-size its portfolio & reduce its debt load.
The evidence is beginning to stack up.
The company is still feeling the effects of last year’s SEC probe.
Iconix revenue slipped 2 percent, to $95.7 million — a modest beat on estimates for Q2 revenue of $95.2 million.
The fashion model and actress stars in the brand’s fall ’16 campaign.
Iconix Brand Group has pared down its 2016 guidance to reflect its repurchase of $105 million in outstanding convertible notes.
Iconix’s net income for the quarter declined 72 percent, to $18.6 million, or 37 cents per share. But adjusted EPS, at 53 cents, beat estimates.