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Perry Ellis Reports 2Q Loss

Perry Ellis reported a loss of $3.6 million in its fiscal second quarter.
Source: Perry Ellis
Source: Perry Ellis
By
  • Associated Press

MIAMI, United States — Perry Ellis International Inc. on Thursday reported a loss of $3.6 million in its fiscal second quarter.

The Miami-based company said it had a loss of 24 cents per share. Earnings, adjusted for non-recurring costs, came to 15 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The clothing maker posted revenue of $201.7 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $197.6 million.

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Perry Ellis expects full-year earnings in the range of $1.95 to $2 per share, with revenue in the range of $885 million to $890 million.

Perry Ellis shares have increased 15 percent since the beginning of the year. The stock has fallen slightly more than 9 percent in the last 12 months.

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