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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)