86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
By
Reuters
Published
Sep 30, 2009
Download
Download the article
Print
Text size

Iconix lowers year view, sets third quarter outlook below Street

By
Reuters
Published
Sep 30, 2009

Sept 30 (Reuters) - Iconix Brand Group Inc (ICON.O) cut its 2009 view to below market expectations, and also forecast weak third-quarter results, sending its shares down 14 percent in trading before the bell.


Candie's, one of the Iconix brands

Iconix, which owns and licenses several brands including Candie's, Joe Boxer and Rocawear, now expects full-year adjusted earnings of between $1.17 and $1.22 a share, down from an earlier forecast of $1.30 to $1.35 a share.

It also lowered its 2009 revenue view to $215 million to $220 million, from an earlier expectation of $223 million to $230 million.

Analysts were looking for earnings, before special items, of $1.30 a share, on revenue of $229.7 million, according to Reuters Estimates.

However, Iconix Brand will continue to stand by its earlier projection of about 5 percent organic growth across its portfolio of brands, Chief Executive Neil Cole said in a statement.

Iconix, several of whose brands are also sold at Target Corp (TGT.N) and Kohl's Corp (KSS.N) stores, forecast third-quarter adjusted earnings of between 26 and 28 cents a share, on revenue of $53 million to $56 million.

Analysts were expecting earnings of 35 cents a share, on revenue of 62.05 million. Shares of the New York-based company were down nearly 14 percent at $13.61 in premarket trade. They closed at $15.80 Tuesday 29 September on Nasdaq.

(Reporting by Shradhha Sharma in Bangalore; Editing by Aradhana Aravindan)

© Thomson Reuters 2024 All rights reserved.