NEW YORK — The Salant acquisition as well as gross margin erosion pushed Perry Ellis International Inc. to an expected loss in the second quarter.

For the three months ended July 31, the Miami-based multiportfolio sportswear marketer reported a net loss of $2.6 million, or 33 cents a diluted share. By comparison, last year the company had profits of $2.2 million, or 34 cents. Adjusting for the effect of the Salant acquisition in both years, the second-quarter loss would have been 11 cents versus year-ago earnings of 89 cents.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus