The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
MIAMI, United States — Perry Ellis International Inc. on Wednesday reported fiscal fourth-quarter net income of $9 million, after reporting a loss in the same period a year earlier.
The Miami-based company said it had net income of 59 cents per share. Earnings, adjusted for one-time gains and costs, were 66 cents per share.
The clothing maker posted revenue of $204.2 million in the period.
For the year, the company reported net income of $14.5 million, or 95 cents per share, swinging to a profit in the period. Revenue was reported as $861.1 million.
Perry Ellis expects full-year earnings in the range of $2.07 to $2.17 per share, with revenue in the range of $870 million to $880 million.
Its shares have dropped slightly more than 8 percent since the beginning of the year. The stock has climbed 20 percent in the last 12 months.
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