Tuesday, Kenneth Cole Productions Inc. (KCP) reported a fourth-quarter net loss of $52.0 million or $2.88 per share, compared to a loss of $12.00 million or $0.67 per share in the same quarter last year.
On an adjusted basis, net income was $3.79 million or $0.21 per share, compared to a loss of $4.82 million or $0.27 per share in the prior year quarter.
On average, three analysts polled by Thomson Reuters expected the company to earn $0.21 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues in the quarter were $109.4 million, down from $126.6 million in the year-ago quarter. The sales decline was primarily due to the company's planned exit from unprofitable businesses as well as reductions in associated private label programs and off-price distribution.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.