By  on December 10, 2009

Cherokee Inc.’s third-quarter profits were weighed down by an increase to its tax provision, but the brand manager reported an improvement in its recent revenue trends and unveiled two licenses for its Sideout label.

The Van Nuys, Calif.-based firm’s profits fell 14.8 percent to $2.8 million, or 31 cents a share, from $3.3 million, or 37 cents, a year earlier. Its income tax provision for the quarter ended Oct. 31 rose to $1.9 million from $1.5 million a year ago.

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