Aug
20th

Perry Ellis International Announces Results for Second Quarter of Fiscal Year 2010

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468x60 eng Perry Ellis International Announces Results for Second Quarter of Fiscal Year 2010





  • EPS and EBITDA Ahead of Consensus – Loss of ($0.42) Per Fully Diluted Share and Positive EBITDA of $1.5 Million Compared to Consensus Loss Per Share of ($0.57) and EBITDA Loss of $380,000, Respectively
  • Net Loss at $5.3 Million for the Quarter – Slight Improvement over Last Year
  • Operating Expenses Down $12.9 Million – 20% below Last Year
  • Inventory Reduction of 22% – Disciplined Management Drives Reduction of $30 Million Compared to Last Year
  • Strongest Balance Sheet and Liquidity Position in Recent History – $29.5 Million in Cash and Senior Credit Facility Fully Available with No Borrowings at Quarter’s End
  • Company Provides Earnings Guidance of $0.70 to $0.85 for Fiscal 2010

    View the full report at their website.

    About Perry Ellis International

    ..

    Perry Ellis International, Inc. is a leading designer, distributor and licensor of a broad line of high quality men’s and women’s apparel, accessories, and fragrances. The Company’s collection of dress and casual shirts, golf sportswear, sweaters, dress and casual pants and shorts, jeans wear, active wear and men’s and women’s swimwear is available through all major levels of retail distribution. The Company, through its wholly owned subsidiaries, owns a portfolio of nationally and internationally recognized brands including Perry Ellis®, Jantzen®, Laundry by Shelli Segal®, C&C California®, Cubavera®, Munsingwear®, Savane®, Original Penguin® by Munsingwear, Grand Slam®, Natural Issue®, Pro Player®, the Havanera Co.®, Axis®, Tricots St. Raphael®, Gotcha®, Girl Star®, MCD® John Henry®, Mondo di Marco®, Redsand®, Manhattan®, Axist® and Farah®. The Company enhances its roster of brands by licensing trademarks from third parties including Dockers® for outerwear, Nike® and JAG® for swimwear, and Callaway®, PING® and PGA TOUR® for golf apparel. Additional information on the Company is available at http://www.pery.com.















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