Perry Ellis Raises Guidance

Perry Ellis International Inc. raised its adjusted earnings guidance for the second
quarter of fiscal 2016, ending Aug, 1, 2015 to breakeven. This
guidance represents the better end of the company's initial expectations
for the second quarter of fiscal 2016, which was an adjusted loss per
share in the range of 3 cents a share to breakeven. The company reported an
adjusted loss per share of 8 cents in the fiscal 2015 second quarter.

The company adjusted its guidance in light of its Annual Shareholder Meeting to be held on Friday, July 17, 2015.

About The Author

Thomas J. Ryan

Thomas J. Ryan Senior Business Editor | SGB Media tryan@sgbonline.com | 917.375.4699

Perry Ellis Raises Guidance

Perry Ellis International Inc raised its adjusted full-year profit outlook and forecast a fourth-quarter profit largely above analysts' estimates.

For full-year 2011, the company raised its adjusted full-year profit to $1.82-$1.85 per share from its prior forecast of $1.72-$1.80 a share.

Analysts on an average were expecting earnings of $1.83 per share, according to Thomson Reuters I/B/E/S.


For the fourth quarter ending Jan. 29, the company forecast adjusted earnings of 66-69 cents per share, compared with analysts' expectations of a profit of 66 cents per share.


For fiscal year 2012, the company forecast earnings of $2.50-$2.65 per share and said it expects revenue to reach $1 billion.


Perry Ellis International, Inc. said its expects to report fully diluted adjusted EPS in a range of 66 cents to 69 cents a share in the fourth quarter, compared with fiscal 2010 fourth quarter adjusted EPS of 65 cents.


“As we begin a new fiscal year, our company continues to see the favorable momentum from 2011 continue, which has us extremely well positioned to fuel organic revenue gains of at least 10%,” commented George Feldenkreis, chairman and chief executive officer. “It is also important to note that despite cost inflation and the uncertain consumer spending environment, we feel confident in our ability to increase total revenues, maintain our gross margins and continue to improve operating metrics.”

About The Author

Thomas J. Ryan

Thomas J. Ryan Senior Business Editor | SGB Media tryan@sgbonline.com | 917.375.4699

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