USA: Iconix Brand Group Inc., has announced its fourth quarter and full year 2016 financial results. The company noted an 8 per cent plunge in the fourth quarter’s licensing revenue in comparison to US $ 94.7 million in the same period of 2015. Operating income stood at US $ 385.8 million. Men and women’s licensing revenue too decreased by 10 per cent to US $ 11.8 million and 17 per cent to US $ 18.8 million, respectively.
The brand also released its full year financial report, which depicts decline of 3 per cent in annual licensing revenue as compared to US $ 379.2 million in 2015. For the full year, women’s and men’s licensing revenue was also down 10 per cent and 12 per cent to US $ 106.5 million and US $ 48.6 million, respectively.