Record results at Perry Ellis
18/03/2008
American apparel, sportswear and accessories designer Perry Ellis International, Inc. has posted record results for its fourth quarter and full year ended January 31.
Revenues for the year rose to a record level of $863.9 million, a 4.1% increase compared with $829.8 million in the previous year, driven by growth in the Perry Ellis collection, swim, golf, Hispanic, licensing and retail businesses. The year’s net earnings were $28.2 million compared with $22.4 million the previous year.
During the fourth quarter revenues fell 8.3% to $212.3 million compared with $231.6 million in the prior-year period. Net income dropped 8% to $9.9 million compared with $10.7.
“In spite of a challenging retail environment, we are confident that our growth platforms and diversified strategy will deliver another record year for our company, said president and COO, George Feldenkreis. It anticipates that revenues for the twelve months ended January 31, 2009, will rise between 5% and 7% to $910-$925 million.Share this story:
