Home / Knowledge / News / Apparel/Garments / 2015 licensing revenue at Iconix down 1%
2015 licensing revenue at Iconix down 1%
30
Mar '16
For the three months to December 31, 2015, licensing revenue at apparel marketer Iconix Group was $94.7 million, down 1 per cent as compared to $96.0 million in the fourth quarter of 2014.

“Licensing revenue included $2.0 million of revenue related to acquisitions of Strawberry Shortcake and Pony brands,” Iconix Group stated in a press release.

“Licensing revenue was also negatively impacted by approximately $1.4 million due to foreign currency exchange rates,” the apparel marketer said.

Excluding the effect of acquisitions and foreign currency exchange rates, licensing revenue declined approximately 2 per cent in the quarter.

Adjusted EBITDA attributable to Iconix for the fourth quarter of 2015 was $38.0 million, a 14 per cent decline as against $44.3 million in the prior year quarter.

On a non-GAAP basis, net income attributable to Iconix was approximately $12.3 million, a 46 per cent decrease as compared to the prior year quarter of approximately $22.7 million.

“Non-GAAP diluted EPS for the fourth quarter of 2015 was $0.25, a 45 per cent dip vis-à-vis $0.45 in the previous year's fourth quarter,” the company informed.

GAAP net income attributable to Iconix for the reporting quarter reflects a loss of $263.0 million versus income of $17.5 million in the fourth quarter of 2014.

While, GAAP diluted EPS for the fourth quarter of 2015 reflects a loss of $5.44 as compared to earnings of $0.32 in the earlier fiscal's corresponding quarter.

Licensing revenue for the full year ended December 31, 2015 was $379.2 million, a 3 per cent decline as compared to $391.5 million for 2014.

According to the Inonix, licensing revenue included $11.9 million of revenue from acquisitions of Strawberry Shortcake and Pony brands.

Licensing revenue was also negatively impacted by $10.1 million, due to foreign currency exchange rates.

In addition, licensing revenue in the comparable 2014 period included $17.1 million of revenue related to the five-year renewal of the Peanuts specials with ABC.

“Excluding the effect of acquisitions, foreign currency exchange rates and the ABC renewal, licensing revenue increased 1 per cent for the year,” Iconix noted.

Adjusted EBITDA attributable to Iconix for 2015 was $172.7 million, an 18 per cent fall as compared to $211.1 million in the prior year.

On a non-GAAP basis, net income attributable to Iconix for 2015 was $66.4 million, a 36 per cent drop as against $103.6 million in the earlier year.

Non-GAAP diluted earnings per share were $1.33, a 33 per cent decrease versus $1.98 for the previous year.

GAAP net income attributable to Iconix for 2015 reflects a loss of approximately $189.3 million vis-à-vis income of $103.7 million in 2014.

Free cash flow attributable to Iconix for 2015 was $188.9 million, up 14 per cent over the prior year period of $165.4 million and in 2015; the company received a tax refund of approximately $15.5 million. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search