Perry Ellis International, Inc. said Nike Swim revenues grew over 40% last year, to reach almost $50 million.
For the current swim season, which runs from Q4 of last year to Q2 of fiscal 2009, Perry Ellis's Swim Group experienced a 12% revenue increase over last year's Q4, led by the Nike, Jag, Janzen and positive performance of the swim brands at mid-tier.
On a conference call with analysts, George Feldenkreis, chairman and CEO of Perry Ellis International, Inc., said the Swim Group continues to benefit from struggles in the sector, including the bankruptcy of Canadian company Maillot Baltex, Inc., as well as weakness at Speedo.
In its Action Sports division, Gotcha will be launched in 100 Kohl's doors this spring, and new operations in Biarritz, France, are expected to revive international results for the brand. Redsand has been doing well in action sports and department stores channels.
Perry Ellis's golf brands – Ping, PGA Tour, Champion Tour and Grand Slam – reportedly grew at a combined 44% rate last year.
Overall, Perry Ellis International's revenues grew 4.1% to $863.9 million. Profits dipped 7.9% to $9.86 million, or 65 cents, $10.7 million, or 68 cents, a year ago.
