(Filed Under Financial and General Interest News). Fueled by the acquisition of Peanuts and entrance into new categories, Iconix Brand Group Inc. cited a 43 percent revenue increase during the fiscal 2010: to approximately $332.6 million from $232.1 million during fiscal 2009. During the fourth quarter of 2010, revenue increased 34 percent: to about $88 million from $65.8 million.
“2010 was another record year for our company in which we continued to demonstrate the strength of our portfolio and the profitability of our business model,” Neil Cole, chairman and C.E.O of Iconix Brand Group, said in a statement. “Our brands continue to gain market share as we build lifestyle businesses and optimize distribution. We also expanded our platform into new categories and geographies in 2010 through our Peanuts Acquisition. With 27 iconic brands that represent approximately $12 billion in annual retail sales we have made tremendous progress, and I believe through continued growth with our current partners, international expansion and new acquisitions we can continue to build on our successes.”
The company reaffirmed its year 2011 revenue guidance of between $340 and $350 million. Its brands include Candie’s, Bongo, Danskin and Mudd, among others.
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