Perry Ellis International Inc. finished the second quarter with a smaller loss than expected as sales trended lower on the firm’s exit from a number of lower-margin private label programs.
In the three months ended Aug. 2, the Miami-based sportswear firm reported a net loss of $1.6 million, or 11 cents a diluted share, less than the loss of $2.8 million, or 19 cents, reported in the second quarter of 2013. Stripping out charges for the streamlining of operations as well as a gain on the sale of long-lived assets, the adjusted loss on a per-share basis was 8 cents, 4 cents better than the 12-cent loss expected, on average, by analysts.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)