Iconix reports Q2 loss, revenues decline by 35 percent

Iconix Brand Group, Inc., for its second quarter reported total revenue of 22.3 million dollars, a 35 percent decline, compared to the second quarter of 2019. The company said in a statement that revenue across all segments was negatively impacted by the effects of the Covid-19 pandemic on the global economy, while the 46 percent decrease in revenue in the women’s segment was a result of a decrease in licensing revenue from Mudd and Candies brands. The company further said that GAAP net income attributable to Iconix reflected a loss of 17.4 million dollars, compared to net income of 1.3 million dollars and GAAP diluted EPS reflected a loss of 1.46 dollars per share, compared to income of 12 cents per share for the second quarter of 2019.