Shares of Perry Ellis International Inc. fell more than 30 percent Thursday after the company revealed lower third-quarter earnings, slashed the full-year forecast and started a review of its underperforming businesses.
Earnings for the third quarter ended Oct. 31 are now expected to be 30 to 33 cents a diluted share, below the 55 cents in last year’s quarter and the identical consensus estimate for the just completed period. Revenues are expected to drop 2 percent to $222.8 million from $227.5 million.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"