The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Perry Ellis Reports 4Q Loss

Perry Ellis International Inc. has reported a loss of $17.7 million in its fiscal fourth quarter.

Associated Press

12 April 2016

MIAMI, United States — Perry Ellis International Inc. on Tuesday reported a loss of $17.7 million in its fiscal fourth quarter.

On a per-share basis, the Miami-based company said it had a loss of $1.18. Earnings, adjusted for one-time gains and costs, were 35 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The clothing maker posted revenue of $214.4 million in the period, which met Street forecasts.

For the year, the company reported that its loss narrowed to $7.3 million, or 49 cents per share. Revenue was reported as $899.5 million.

Perry Ellis expects full-year earnings in the range of $1.90 to $1.95 per share, with revenue in the range of $910 million to $915 million.

Perry Ellis shares have decreased 3 percent since the beginning of the year. The stock has declined 27 percent in the last 12 months.

In This Article

Topics

Financial Markets

Location

United States, Miami

The Best of BoF 2023: Diversity’s Litmus Test

In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.

The Year Ahead: The Future of Fashion Deal-Making

For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.

Birkenstock Could Break Fashion’s IPO Logjam

A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.

The Investment Giant Behind Some of Fashion’s Biggest Deals

L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.