Aug 31, 2010
Download the article
Click here to print
Text size
aA+ aA-

Perry Ellis looks promising in fiscal’s first six months

Aug 31, 2010

U.S. company Perry Ellis International has announced a 1% increase in its turnover for this year’s first half ended July 31. Revenue reaches $382 million.

Perry Ellis

The company returned to profit in the first quarter, after tough economic times. And despite new losses in the second quarter, earnings (EBITDA) rose over the six months to $4.2 million compared to $1.5m in the first six months of last year. This figure was better than expected due to a strong inventory discipline, which allowed for more full-price selling in the wholesale channels of distribution.

As a result, Perry Ellis raises its full earnings guidance; hopeful since "the men`s market continues to outpace all other areas in the retail arena today,” commented George Feldenkreis, Chairman and Chief Executive Officer.

The company is now expecting full year revenue of between $775 and $795 million for fiscal 2011. With its broad portfolio of brands and licenses, including Perry Ellis, Savannah, Manhattan, John Henry, Pierre Cardin, Nike swimwear and sportswear, the group remains vigilant, yet confident for growth.

By Rosie Hart

Copyright © 2022 FashionNetwork.com All rights reserved.