Home / Knowledge / News / Apparel/Garments / Adjusted diluted EPS halves at Perry Ellis in Q2FY17
Adjusted diluted EPS halves at Perry Ellis in Q2FY17
22
Aug '16
Courtesy: Perry Ellis
Courtesy: Perry Ellis
Adjusted diluted EPS at apparel marketer Perry Ellis International halved to $0.15 in the three months ended July 30, 2016 from $0.31 per diluted share in the comparable period of prior fiscal.

However, disciplined inventory management resulted in a $20 million decline in inventory at the end of the second quarter of fiscal 2017 to $134 million as against $154 million in the earlier fiscal's same quarter.

Total revenue also dropped to $202 million, a 5 per cent decrease in the reporting quarter vis-à-vis $213 million in the second quarter of fiscal 2016.

“Increased sales across the company's core global brands were offset by 3 per cent planned business exits as well as 2 per cent reductions in special market revenues,” Perry Ellis explained.

Gross margin expanded 100 basis points to 36.6 per cent in the quarter under review from gross margin of 35.6 per cent in fiscal 2016's second quarter.

“This reflects stronger margin in our men's sportswear, golf lifestyle and Nike businesses as well as expansion in direct to consumer margins,” the apparel and accessories marketer said.

Perry Ellis maintained its fiscal 2017 adjusted EPS guidance in a range of $1.95 to $2.00, but updated revenue guidance to a range of $885-$890 million reflecting changes in currency translation. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 13th Apr 2021

Indonesia's textiles industry gears up for Industry 4.0

Indonesia's textiles industry, among others, is getting ready to...

Pic: Azamat Imanaliev / Shutterstock.com

Apparel/Garments | On 13th Apr 2021

Output & profit of Chinese garment firms rise in Jan-Feb '21

Showing further recovery, garment enterprises in China saw their...

Pic: Shutterstock

Apparel/Garments | On 13th Apr 2021

Increasing scrutiny to create challenges for apparel industry: Moody's

Apparel production practices have a significant impact on the...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Social media critical in regeneration of businesses

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Rajesh Vig & Ritu Vig,

Rajesh Vig & Ritu Vig

Rajesh Vig and Ritu Vig, promoters of the kidswear brand Happy Feet,...

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

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

Leave your Comments


April 2021

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


Advanced Search