Home / Knowledge / News / Apparel/Garments / Cherokee Global reports flat sales in Q2FY17
Cherokee Global reports flat sales in Q2FY17
09
Sep '16
Courtesy: Cherokee Global Brands
Courtesy: Cherokee Global Brands
For the three months ended July 30, 2016, revenues at Cherokee Global Brands totaled $8.5 million, flat with the prior fiscal's second quarter. During the reporting quarter, increased revenues for the Cherokee brand in global markets were offset by an expected decrease in North American royalty revenues, as it transitions to new wholesale licensing partners.

Operating income totaled $2.5 million on GAAP basis in the second quarter of fiscal 2017, or 30 per cent of revenues, compared to $3.1 million, or 37 per cent of revenues, in the same quarter of earlier fiscal.

GAAP net income reached $1.5 million in the quarter under review, or $0.17 per diluted share, down from $1.9 million, or $0.22 per diluted share the second quarter of fiscal 2016.

As on July 30, 2016, the company had cash and cash equivalents of $6.6 million vis-à-vis $6.5 million at January 30, 2016, while net debt amounted to $12.7 million and the company's leverage ratio was 1.5. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Textiles | On 17th Jan 2017

Reliance Industries net increases 3.6% in Q3FY17

In the three months ended December 31, 2016, India’s biggest private...

Textiles | On 17th Jan 2017

IMF projects advanced economies to grow at 1.9% in 2017

Advanced economies are projected to grow by 1.9 per cent in 2017 and...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search