Iconix Brand Group gains profit in Q3, revenues drop 31 percent

Iconix Brand Group, Inc. total revenue for the third quarter was 24.5 million dollars, a 31 percent decline, compared to the same quarter of 2019. The company said, revenue across all segments was primarily negatively impacted by the effects of the Covid-19 pandemic on the global economy. GAAP net income attributable to Iconix reflected income of 45.7 million dollars compared to a net loss of 35.7 million dollars for the third quarter of 2019 and GAAP diluted EPS for the third quarter reflected income of 1.51 dollars per share compared to loss of 3.07 dollars per share for the third quarter of 2019.