Home / Knowledge / News / Apparel/Garments / Cherokee finishes Q3 in another strong cash position
Cherokee finishes Q3 in another strong cash position
Dec '10
Cherokee Inc, a leading global brand management company, reported total royalty revenues for the third quarter ended October 30, 2010 (the "Third Quarter") of $7.7 million, as compared to $8.0 million in the comparable period last year.

Cherokee's operating expenses for the Third Quarter totaled $3.87 million, which was greater than the $3.33 million in the comparable period last year. Cherokee's net income for the Third Quarter decreased by a total of $0.5 million, to $2.3 million or $0.26 per diluted share, as compared to $2.8 million, or $0.31 per diluted share in the comparable period last year. The Company ended the quarter with cash and cash equivalents of $8.8 million, net receivables of $7.1 million and no debt.

Russell J. Riopelle, Chief Financial Officer, commented, "We finished the quarter in another strong cash position and a debt-free balance sheet. During our Third Quarter we paid a $0.38 per share dividend in September, and announced our December dividend of $0.38 per share. We are encouraged that our Third Quarter U.S. royalties kept pace with last year, however, this was offset by less favorable exchange rates and retailers' reducing their prices, resulting in lower royalties from certain international accounts."

Cherokee Inc. is a global marketer and manager of a portfolio of LIFESTYLE BRANDS it owns and represents in multiple consumer product categories and sectors around the world. The Company has license agreements with premier retailers and manufacturers covering over 30 countries around the world.

Cherokee Inc

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Cindy McNaull

We have broad range of options in durable fabrics

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search