Cherokee Inc., the licensor of the Cherokee, Sideout, Carole Little brands, reported revenues for the fourth quarter of Fiscal 2010 totaled $7.6 million, up from $6.1 million a year ago, a 16.9% gain.

Selling, general and administrative expenses totaled $2.4 million in the fourth quarter of Fiscal 2010, as compared to $2.3 million in the same period last year. Net earnings were $3.1 million, or 35 cents per diluted share, as compared to $2.4 million, or 27 cents, a year ago.

For the year ended January 30, 2010, net revenues totaled $32.6 million, as compared to $36.2 million in the same period last year. Selling, general and administrative expenses totaled $12.2 million in Fiscal 2010 as compared to $13.3 million in the same period last year. Net earnings totaled $12.6 million, or $1.43 per diluted share, as compared to fiscal 2009 net earnings of $14.3 million, or $1.61 per diluted share.

Russell J. Riopelle, Chief Financial Officer, added, “We once again ended our year in an enviable and solid financial position, generating a significant amount of free cash flow and a balance sheet with $9.4 million in cash and no debt. This financial strength has allowed us to continue to pay significant dividends to our shareholders. We look forward to continuing to return excess profits to our shareholders, as conditions permit and at the discretion of our Board of Directors.”