Tag Archives: Net income

Iconix Q2 Net Drops 8.8 Percent

Iconix

NEW YORK-A sharp rise in interest expense and an increased provision for income taxes reduced Iconix Brand Group’s second-quarter net income by 8.8 percent, to $35.3 million. Interest and other expenses rose 58.5 percent in the quarter, which ended on June 30. Iconix also raised its provision for income taxes by 11.3 percent. Both ofMore »

Aaron’s Q2 Net Drops 67.1 Percent; COO Buck to Retire

Aaron's

ATLANTA-Huge gains in expenses and in depreciation of lease merchandise offset a strong revenue gain to send Aaron’s second-quarter net income plummeting 67.1 percent, to $8.5 million. Along with releasing its earnings, the lease-to-own retailer issued a separate statement saying that Dave Buck, its chief operating officer, will retire from the company. Buck served forMore »

Ethan Allen Doubles Q4 Net; FY Net Rises 32.2 Percent

Ethan Allen

DANBURY, Conn.-Sales gains in both of its divisions and controlled expenses helped Ethan Allen to a 108.5 percent jump in fourth-quarter net income, to $17.1 million. For the fiscal year ending on June 30, the company posted a net-income gain of 32.2 percent to $42.9 million. Net sales in the quarter climbed 9.1 percent toMore »

Jarden Q2 Net Falls 31.8 Percent in Spite of Record Sales

Jarden

MIAMI-Increased expenses and a loss on the early extinguishment of debt offset a record sales performance to send Jarden’s second-quarter net income into a 31.8 percent plunge, to $52.1 million. Selling, general and administrative expenses were up 23 percent in dollars and 181 basis points as a percentage of sales from the second quarter ofMore »

iRobot Q2 Net Edges Up 2.8 Percent

iRobot Posts Loss in Q4; Net Falls 57 Percent for Year

BEDFORD, Mass.-Strong growth from the home-robot business plus reduced expenses brought a 2.8 percent gain in second-quarter net income for iRobot, to $8.5 million. Revenue in the quarter, which ended on June 28, totaled $139.8 million, up 7.2 percent from last year’s second quarter. Colin Angle, iRobot’s chairman and CEO, cited the increase in home-robotMore »

Bassett Q2 Net Climbs 30.6 Percent

Bassett

BASSETT, Va.-Thanks to sales gains from both its wholesale and retail operations, Bassett Furniture Industries posted a 30.6 percent jump in second-quarter net income, to $2.6 million. Total net sales in the quarter, which ended on May 31, increased 4.9 percent to $85.2 million. Sales in the wholesale segment rose 4.3 percent, with shipments toMore »

Restoration Hardware Goes from Loss to Profit in Q1

Restoration Hardware Rebrands Itself as RH

CORTE MADERA, Calif.-Strong gains in revenues, especially on a comparable-brand basis, led Restoration Hardware from red ink to black ink on its bottom line for the first quarter, which ended on May 3. Net income for the quarter totaled $1.8 million, compared to a net loss of $161,000 for last year’s first quarter. Net revenuesMore »

Burlington Stores Goes from Loss to Profit in Q1

Burlington Stores

BURLINGTON, N.J.-In what its top executive, Tom Kingsbury, termed a quarter of “solid results,” Burlington Stores reversed a net loss of $5.6 million into net income of $11.8 million for its fiscal first quarter ending on May 3. Kingsbury, president, CEO and recently named chairman as well, said the first quarter saw the retailer “buildMore »