"Iconix today owns eleven strong consumer brands that are expected to generate approximately $5 billion in annual retail sales this year through over 150 licensees around the world. We will continue to be focused on executing our long term growth strategy of expanding our existing portfolio and adding new iconic brands through acquisition."
2007 Guidance: The Company is re-affirming its previously stated 2007 guidance of revenue in a range of $150-$160 million and fully diluted earnings per share in a range of $0.96-$1.00.
The current 2007 guidance assumes no additional acquisitions in 2007; however, the Company has said that it intends to remain acquisitive.
The Company's $50 million verdict, with respect to which the Company believes judgment will be entered later this month, is subject to collection and possible appeal and therefore at this time the Company is not including it in its guidance.
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