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Perry Ellis International posts lower profit in Q4, revenue grows

21 Mar '06
3 min read

George Feldenkreis, Chairman and CEO said, "We are very pleased to report record revenue, EBITDA and earnings per share results for fiscal 2006. We successfully completed the integration of Tropical Sportswear by improving profit margins, reducing expenses and transitioning the sourcing structure. In addition, we completed the strategic acquisition of Gotcha, MCD, and Girl Star, strengthening our brand portfolio and providing an additional growth vehicle in a younger demographic."

Oscar Feldenkreis, President and COO, remarked, "The enthusiastic response from retailers at the February 2006 MAGIC show is a testament to the power of our brands and the fashionable, value product they deliver. Our new product offerings have been very well received by our retail customers and our successful mens bottoms operation continues to increase its market share. We continue to have major success in sportswear and bottoms in all channels of distribution.”

Oscar Feldenkreis concluded, "For fiscal 2007, we anticipate revenues to grow to $860 - $870 million and proforma earnings per share in the $2.30 - $2.40 range.”

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, including dress and casual shirts, golf sportswear, sweaters, dress and casual pants and shorts, jeans wear, active wear and men's and women's swimwear to all major levels of retail distribution.

Perry Ellis International Inc

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