Iconix achieves better than expected revenue

29 Apr '11

4 min read

Also, the Company announced that it has entered into an agreement settling a lawsuit filed by the Company in the Superior Court of California, Los Angeles County against Unzipped's former manager, supplier and distributor, Sweet, Azteca and ADS; and Hubert Guez, a principal of these entities and former member of the Company's board of directors (collectively referred to as the "Guez defendants"), pursuant to which the Guez Defendants and certain sureties paid the Company an aggregate of $27.7 million, including the $16.7 million previously paid in April and February 2011, in full satisfaction of their obligations to the Company.

See reconciliation tables below for non-GAAP metrics. These non-GAAP metrics may be inconsistent with similar measures presented by other companies and should only be used in conjunction with our results reported according to U.S. GAAP. Any financial measure other than those prepared in accordance with U.S. GAAP should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP.

Iconix Brand Group Inc

More Iconix Brand Group Inc News... More Apparel/Garments News - United States Of America...