Perry Ellis International racked up healthy sales gains in both golf
and swimwear for Q207. Swimwear revenues grew 50%, mainly driven by
Nike Swim but also due to a “significant contribution” from Jantzen,
JAG, Perry Ellis and Original Penguin brands. Jansen was re-launched
this past season with strong results in department stores and JAG
continues to expand in that channel. On a conference call, Oscar
Feldenkreis, Perry Ellis vice chairman, president and COO, was bullish
about the company's prospects in swimwear.
Golf wear revenues doubled in Q2, led by strong sell-throughs across
all distribution channels. Its Champion tour brand expanded from 320 to
350 Macy stores during Q2 and PGA Tour and Grand Slam have been a
“tremendous success” at JC Penney and Kohl's, respectively. Among other
brands, its core Perry Ellis sportswear collection grew 13%; its
Latin-inspired brands, Cubavera and Havanera, grew 15%.
Total revenues for Perry Ellis International climbed 14% to $195.3
million. Operating earnings grew to $5.1 million from $1.1 million. Net
income reached $267,000, or 2 cents a share, compared to a net loss of
$2.5 million, or 17 cents, a year ago.
