Iconix Brand Group, Inc., the parent company of Op, Zoo York, and Ed Hardy among others, has announced that revenue rose 21 percent to $65.8 million in Q4, thanks to a “rise in licensing revenue and the success of its direct to retail channels” according to a story on Reuters.
“We have strengthened our balance sheet and today have approximately $230 million of cash available to be opportunistic in the pursuit of acquisitions,” Chief Executive Neil Cole said in a statement. . . During the quarter, the company earned $19.7 million, or 27 cents a share, compared with $15.3 million, or 25 cents a share a year ago.
Looks like big box just keeps on working. . .
[Link: Reuters]
