Home / Knowledge / News / Apparel/Garments / Perry Ellis continues to see favorable momentum from 2011
Perry Ellis continues to see favorable momentum from 2011
Feb '11
Perry Ellis International Inc provided an update on full fiscal year 2011 earnings and issued initial guidance for fiscal year 2012.

Based on preliminary results, the Company expects to report full fiscal 2011 adjusted earnings per fully diluted share in a range of $1.82 - $1.85, an increase of 78% for the period ending January 29, 2011, compared with fiscal 2010 adjusted fully diluted earnings per share of $1.02.

Adjusted earnings per diluted share for fiscal 2011 exclude costs associated with the recent acquisition of certain assets of Rafaella Apparel Group, Inc and for fiscal 2011 and 2010 impairment charges of certain retail store leaseholds.

For the fourth quarter of fiscal 2011, the Company expects to report fully diluted adjusted EPS in a range of $0.66 - $0.69, compared with fiscal 2010 fourth quarter adjusted EPS of $0.65. As reported under GAAP, the Company expects to report full fiscal 2011 EPS in a range of a $1.67- $1.70, as compared with fiscal 2010 EPS of $1.01 and fiscal 2011 fourth quarter EPS in a range of $0.51 - $0.54 after the costs described above and as compared to fiscal 2010 fourth quarter EPS of $.64.

Additionally, the Company expects full fiscal 2011 revenue to be approximately $790 million, which is in line with its previously stated guidance of revenue in excess of $785 million for the year. This represents an increase of 5% over fiscal 2010 revenues of $754 million. Excluding exited businesses totaling $36 million for fiscal 2010 associated with mass market programs and an exited license, fiscal 2011 revenues increased by 10% over fiscal 2010. Continued strong gross margins are expected to be reported for the fourth quarter and the full year as well.

"As we begin a new fiscal year, our Company continues to see the favorable momentum from 2011 continue, which has us extremely well positioned to fuel organic revenue gains of at least 10%," commented George Feldenkreis, Chairman and Chief Executive Officer. "It is also important to note that despite cost inflation and the uncertain consumer spending environment, we feel confident in our ability to increase total revenues, maintain our gross margins and continue to improve operating metrics," continued Mr. Feldenkreis.

Fiscal 2012 Initial Guidance

The Company announced that for the twelve months ending January 28, 2012 ("fiscal 2012") it anticipates fully diluted earnings per shares in the range of $2.50 to $2.65 and revenues to reach $1 billion for the full fiscal year 2012.

Oscar Feldenkreis, President, Chief Operating Officer, stated, "As we enter fiscal 2012 we remain enthusiastic about the opportunities we see across our Perry Ellis businesses. The addition of Rafaella brings yet another element to our growth strategy and provides us with the ability to now meet the needs of the womens' sportswear market. We believe that we are in an outstanding position for this year and beyond."

Perry Ellis International Inc

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Anvita Mehra
Confidential Couture

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

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Kai Poehler
Voith Paper GmbH & Co. KG

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

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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:
May 2017

May 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