CEO of Iconix Brand pleased with Q3 performance

31 Oct '11

4 min read

2011 Guidance for Iconix Brand Group, Inc.:
The Company is reaffirming its full year 2011 revenue guidance of $355-$365 million, its full year 2011 non-GAAP diluted EPS guidance of $1.63-$1.68, its full year 2011 GAAP diluted EPS guidance of $1.61-$1.66 and its full year 2011 free cash flow guidance of $167-$172 million. The Company expects Sharper Image to be earnings neutral in 2011 due to timing of the close and transaction costs.

2012 Guidance for Iconix Brand Group, Inc.:
The Company is providing 2012 revenue guidance of $370-$385 million, 2012 non-GAAP diluted EPS guidance of $1.77-$1.84, 2012 GAAP diluted EPS guidance of $1.62-$1.69 and 2012 free cash flow guidance of $187-$194 million. This guidance relates to the existing portfolio of brands including Sharper Image and does not include any additional acquisitions.

Other Company News:
The Company announced that it signed a definitive agreement to acquire The Sharper Image brand. This acquisition will be the Company's first entry into the consumer electronics sector. See separate press release for additional details.

The Company also announced that its Board of Directors has authorized a program to repurchase up to $200 million of its common stock. See separate press release for additional details.

Iconix Brand Group Inc

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