NEW YORK — Broad-based diversification allowed Perry Ellis International Inc. to generate greater sales in the third quarter, lifting its bottom line above expectations.
For the three months ended Oct. 31, the Miami-based multilabel manufacturer reported net earnings reached $1.1 million, or 16 cents a diluted share, 1 cent above Wall Street estimates. That performance was 34.3 percent below prior-year net income of $1.6 million, or 25 cents, but above the income of $970,000, or 15 cents, achieved last year when a $647,000, or 10 cents a share, gain from the amortization of goodwill and other intangible assets is excluded.
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?"