Sales up just 5% at Iconix Brand in Q2

Neil Cole, Chairman and CEO of Iconix Brand Group, Inc. commented, "We are pleased with our overall performance in the second quarter. Our strategy of building our brands globally is gaining momentum with the launch of our India joint venture with Reliance and our first two direct-to-retail licenses in Europe.

“Looking ahead, we see continued opportunities to grow the portfolio both in the U.S. and around the world. In addition, with our significant free cash flow and strong balance sheet we plan to continue to deliver increased shareholder value through acquisitions and share repurchase." 

2012 Guidance for Iconix Brand Group, Inc.:

The Company is reaffirming its full year 2012 revenue guidance of $340 to $350 million, its 2012 non-GAAP diluted EPS guidance of $1.65 to $1.74, its 2012 GAAP diluted EPS guidance of $1.48-$1.57, and its 2012 free cash flow guidance of $174 to $181 million.  This guidance relates to the existing portfolio of brands and does not include any additional acquisitions.

Iconix Brand Group, Inc. owns, licenses and markets a growing portfolio of consumer brands including: Candie's , Bongo , Badgley Mischka , Joe Boxer , Rampage , Mudd , Mossimo , London Fog , Ocean Pacific , Danskin , Rocawear , Cannon , Royal Velvet , Fieldcrest , Charisma , Starter , Waverly , Zoo York , And Sharper Image .  In Addition, Iconix Owns Interests In The Artful Dodger , Ecko , Marc Ecko , Ed Hardy  Material Girl, Peanuts , And Truth Or Dare Brands.

Iconix Brand Group Inc