By  on August 22, 2006

NEW YORK - Perry Ellis International reported an expected net decline for the second quarter driven by retail consolidation and a reduction in off-price sales.

The company announced a slightly wider net loss for the second quarter ended July 31, down to $2.5 million, from $2.4 million for the same period last year. The diluted loss per share stayed at 25 cents.

Perry Ellis' sales declined 10.1 percent for the second quarter, dropping from $184.3 million to $165.7 million.

Earnings for the six-month period declined 46.2 percent to $3.5 million, or 34 cents a diluted share, from $6.5 million, or 65 cents a diluted share, for the same period last year. Sales for the half were down 7.6 percent to $374 million from $404.7 million.

For complete coverage, see tomorrow's issue of WWD.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus