Juicy Couture Squeezes Fifth & Pacific Better Profit
The struggling women's casual wear brand Juicy Couture weighed down holiday sales of fashion and accessories seller Fifth & Pacific (FNP). The company, once known as Liz Claiborne, reported adjusted fourth-quarter earnings of 12 cents per share, up 20% from a year ago, but a penny shy of the consensus estimate of analysts surveyed by Thomson Reuters. Revenue climbed 8.8% to $487 million, just shy of analyst forecasts for $487.86 million.
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