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Iconix Brand Group Inc (ICON.OQ)

ICON.OQ on NASDAQ Stock Exchange Global Select Market

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16 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Iconix Reports Q2 Non-GAAP Earnings Per Share $0.12 From Continuing Operations
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Iconix Brand Group Inc ::ICONIX REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER 2018.Q2 NON-GAAP EARNINGS PER SHARE $0.12 FROM CONTINUING OPERATIONS.SEES FY 2018 REVENUE $190 MILLION TO $220 MILLION.Q2 REVENUE $50.2 MILLION.QTRLY LOSS PER SHARE $1.26.ANTICIPATING LOW END OF FULL YEAR 2018 NON-GAAP NET INCOME GUIDANCE OF $20 MILLION TO $30 MILLION.REITERATING FULL YEAR 2018 FREE CASH FLOW GUIDANCE.LOSS ON TERMINATION OF LICENSES IN Q2 OF 2018 WAS $5.7 MILLION VERSUS $23.2 MILLION IN Q2 OF 2017.2018 GAAP NET INCOME GUIDANCE NOW A LOSS OF ABOUT $94.4 MILLION TO $104.4 MILLION.DURING QUARTER, RECORDED A NON-CASH TRADEMARK CHARGE OF $73.3 MILLION IN WOMEN'S SEGMENT RELATED TO A WRITE-DOWN IN MOSSIMO TRADEMARK.ICONIX BRAND - RECORDED A NON-CASH GOODWILL IMPAIRMENT CHARGE OF $37.8 MILLION IN WOMEN'S SEGMENT DUE TO IMPAIRMENT OF MOSSIMO TRADEMARK.  Full Article

Iconix Brand Announces Cooperation Agreement With Sports Direct International
Thursday, 26 Jul 2018 

July 26 (Reuters) - Iconix Brand Group Inc ::ICONIX BRAND GROUP ANNOUNCES COOPERATION AGREEMENT WITH SPORTS DIRECT INTERNATIONAL.ICONIX BRAND GROUP - SPORTS DIRECT HAS RIGHT TO APPOINT TWO MEMBERS OF COMPANY'S BOARD OF DIRECTORS.ICONIX BRAND GROUP INC - JUSTIN BARNES, OF IBSL CONSULTANCY LIMITED, APPOINTED TO BOARD.ICONIX BRAND GROUP - JAMES MARCUM, A CURRENT MEMBER OF BOARD, SHALL CONTINUE TO SERVE ON BOARD AS A SPORTS DIRECT DESIGNEE.  Full Article

Sony unit completes acquisition of stake in Peanuts Holdings
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Sony Corp <6758.T>:Says its unit Sony Music Entertainment (Japan) Inc. announced that it has completed the indirect acquisition of 49 percent of the 80 percent equity interest in Peanuts Holdings LLC held by DHX Media Ltd. .  Full Article

Sports Direct Says It Holds 8.9% Stake In Iconix Brand Group, 19.3% Stake In Finish Line
Monday, 30 Apr 2018 

April 30 (Reuters) - Sports Direct International PLC ::NOW HOLDS FOLLOWING ECONOMIC INTERESTS IN US STRATEGIC INVESTMENTS.5,664,115 SHARES IN ICONIX BRAND GROUP INC, REPRESENTING 8.9% OF ISSUED COMMON STOCK.7,957,800 SHARES IN FINISH LINE INC, REPRESENTING 19.3% OF ISSUED COMMON STOCK OF THAT COMPANY.  Full Article

Iconix reports Q3 Non-GAAP Earnings Per Share From Cont Ops $0.24
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Iconix Brand Group Inc ::ICONIX REPORTS THIRD QUARTER 2017 RESULTS.Q3 NON-GAAP EARNINGS PER SHARE $0.24 FROM CONTINUING OPERATIONS.Q3 REVENUE FELL 12 PERCENT TO $53.2 MILLION.Q3 EARNINGS PER SHARE VIEW $0.15 -- THOMSON REUTERS I/B/E/S.Q3 GAAP LOSS PER SHARE $9.64 FROM CONTINUING OPERATIONS.ICONIX BRAND GROUP - RECORDED NON-CASH GOODWILL IMPAIRMENT CHARGE OF $103.9 MILLION IN QUARTER.ICONIX BRAND GROUP - IN Q3 OF 2017, CO RECORDED NON-CASH TRADEMARK IMPAIRMENT CHARGE OF ABOUT $521.8 MILLION.- EXPECTS 2017 NON-GAAP EPS TO BE SLIGHTLY ABOVE ITS GUIDANCE RANGE OF $0.65 TO $0.70.- EXPECTS REVENUE TO BE AT LOW END OF ITS GUIDANCE RANGE OF $225 MILLION TO $235 MILLION FOR 2017 .- NOW SEES 2017 LOSS PER SHARE $9.79 TO $9.89.FY2017 EARNINGS PER SHARE VIEW $0.66 -- THOMSON REUTERS I/B/E/S.  Full Article

Iconix Brand Group Sees Q3 Shr Loss From Cont Ops Of $0.10
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Iconix Brand Group Inc ::ICONIX BRAND GROUP - EXPECTS (NOT REPORTS) Q3 LOSS PER SHARE FROM CONTINUING OPERATIONS $0.10.ICONIX REPORTS PRELIMINARY THIRD QUARTER 2017 RESULTS AND PROVIDES UPDATE ON INTANGIBLE ASSET IMPAIRMENT.SEES Q3 2017 NON-GAAP EARNINGS PER SHARE ABOUT $0.24 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE VIEW $0.11 -- THOMSON REUTERS I/B/E/S.COMPANY EXPECTS LICENSING REVENUE FOR Q3 OF 2017 TO BE APPROXIMATELY $53.2 MILLION, A 12% DECLINE.EXPECTS NON-GAAP DILUTED EPS FROM CONTINUING OPERATIONS FOR Q3 TO BE ABOUT $0.24.ICONIX BRAND - EXPECTS TO RECOGNIZE NON-CASH INTANGIBLE ASSET IMPAIRMENT CHARGE IN Q3 OF ABOUT $500 MILLION TO $750 MILLION PRIMARILY RELATED TO WOMEN'S SEGMENT.BELIEVES THAT FULL YEAR 2017 RESULTS WILL BE WITHIN PREVIOUSLY ISSUED GUIDANCE.ALSO EXPECTS TO HAVE A NON-CASH TAX CHARGE OF ABOUT $15 MILLION RELATED TO WRITE OFF OF CERTAIN DEFERRED TAX ASSETS IN Q3.  Full Article

Iconix Brand Group Enters Second Amendment, Consent And Limited Waiver To Credit Agreement
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Iconix Brand Group Inc ::ICONIX BRAND GROUP - ‍ON NOV 24, CO THROUGH UNIT ENTERED SECOND AMENDMENT, CONSENT AND LIMITED WAIVER TO CREDIT AGREEMENT, DATED AUG 2, 2017​.ICONIX BRAND GROUP - ‍LENDERS AGREED, PURSUANT TO TERMS OF AMENDMENT TO WAIVE UNTIL DEC 22, POTENTIAL DEFAULTS ARISING UNDER CREDIT AGREEMENT​.  Full Article

Nickelodeon says partners with Danskin to launch line of dance, athleisure wear
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Nickelodeon::Nickelodeon says partners with Danskin to launch line of dance and athleisure wear inspired by JoJo Siwa​.  Full Article

Iconix Brand Group's unit enters into amendment to credit agreement​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Iconix Brand Group Inc ::On Oct 27, co, through unit entered limited waiver and amendment no. 1 to credit agreement​ - SEC filing.Says ‍amendment provides for reduction in existing $300 million term loan​.Says ‍under terms of original credit agreement, company established an escrow account​.  Full Article

Iconix provides business update and amends term loan
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Iconix Brand Group Inc :Iconix provides business update and announces amendment to term loan.Informed by Walmart that Danskinnow license, which is a diffusion of Danskin brand, will not be renewed beyond January 2019​.As a result, royalty revenue for Danskin brand is estimated to decline approximately $15.5 million in 2018​.Due to some developments, co forecasted that it would unlikely be in compliance with some its financial debt covenants in 2018.Recently engaged in talks with lenders to provide relief under financial debt covenants, entered amendment of senior secured term loan.As a result of discussions with lenders, ‍co agreed to reduce size of credit facility by approximately $75 million to $225 million​.Continues to evaluate capital raising options to repay debt, strategic alternatives, including sale of certain assets or entire co.Danskin will continue to be distributed to leading retailers including Lord & Taylor, Costco and TJMaxx​.Working with Guggenheim Securities LLC as its financial advisor in connection with ongoing efforts to "strengthen its balance sheet".  Full Article

UPDATE 3-Jay-Z ordered to testify next week in U.S. SEC investigation

NEW YORK, May 8 A federal judge in New York on Tuesday ordered Jay-Z to testify on May 15 in an investigation by the U.S. Securities and Exchange Commission involving the sale of the rapper's Rocawear clothing brand to Iconix Brand Group Inc.