Perry Ellis International announced that, based on preliminary
estimates, the company anticipates that total revenue for its second
quarter ended July 31, will be approximately $195 million compared to
$171 million a year ago, a gain of 14%.
The Company indicates that based on preliminary results, it expects to
beat the current mean estimate on First Call of a loss of $0.15 per
share for the second quarter. Analysts surveyed by First Call/Thomson
Financial expect revenues of $193.11 million for the quarter.
George Feldenkreis, Chairman and CEO, commented, “According to our
preliminary results, we finished the strongest second quarter in the
history of the Company. Based on the positive momentum across all of
our business platforms, especially Perry Ellis at department stores and
the excellent performance of our other brands, we expect fiscal 2008 to
represent a record year for Perry Ellis International.”
Final results for second quarter fiscal 2008 are scheduled to be released after the market closes on August 20.
The company, through its wholly owned subsidiaries, owns a portfolio of
nationally and internationally recognized brands including Perry Ellis,
Jantzen, Cubavera, Munsingwear, Savane, Original Penguin, Grand Slam,
Natural Issue, Pro Player, the Havanera Co. , Axis, Tricots St.
Raphael, Gotcha, Girl Star and MCD. The Company enhances its roster of
brands by licensing trademarks from third parties including Dockers for
outerwear, Nike and JAG for swimwear, and PING and PGA TOUR for golf
apparel.
