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Perry Ellis International posts wider loss in Q2
22 Aug '06
3 min read
For the first half ended July 31st 2006, earnings were $0.34 per fully diluted share compared to earnings of $0.65 per fully diluted share for the comparable period last year. Proforma earnings for the first half of fiscal 2007 were $0.53 per fully diluted share.
George Feldenkreis, Chairman and CEO said, "We continue to perform on plan despite the impact of retailer consolidation. We are pleased with the significant improvement of our gross profit margins, which is a result of great products performing exceptionally well at retail, as well as improved production planning and sourcing."
Oscar Feldenkreis, Vice-Chairman, President and COO stated, "We are excited about our growth opportunities and expect to resume strong growth in our fourth quarter across multiple product categories and channels. We are particularly enthused by the expected growth in swim, outerwear, Perry Ellis sportswear, international and direct retail.”
He concluded, "Although a variety of issues are weighing on consumer spending, we are confident that our standout brands will continue to claim a substantial share of the market. Our focused investments in our brands' marketing will attract consumers to our various lifestyle concepts and continuously improved product offerings."
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. Its 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.
George Feldenkreis, Chairman and CEO said, "We continue to perform on plan despite the impact of retailer consolidation. We are pleased with the significant improvement of our gross profit margins, which is a result of great products performing exceptionally well at retail, as well as improved production planning and sourcing."
Oscar Feldenkreis, Vice-Chairman, President and COO stated, "We are excited about our growth opportunities and expect to resume strong growth in our fourth quarter across multiple product categories and channels. We are particularly enthused by the expected growth in swim, outerwear, Perry Ellis sportswear, international and direct retail.”
He concluded, "Although a variety of issues are weighing on consumer spending, we are confident that our standout brands will continue to claim a substantial share of the market. Our focused investments in our brands' marketing will attract consumers to our various lifestyle concepts and continuously improved product offerings."
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. Its 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.
Perry Ellis International Inc
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