By  on August 22, 2014

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.

To unlock this article, subscribe to WWD below.

load comments
blog comments powered by Disqus