Iconix Brand Group posts 22 percent drop in Q1 sales

For the first quarter of 2020, total revenue at Iconix Brand Group, Inc. was 28 million dollars, a 22 percent decline, compared to 35.9 million dollars in the first quarter of 2019. The company said in a statement that revenue across all segments was negatively impacted by the effects of the Covid-19 pandemic on the global economy. The company reported a loss of 21.5 million dollars, compared to income of 17.9 million dollars and loss per share of 1.86 dollars, compared to a loss of 0.01 cents for the first quarter of 2019.