Growth in its higher-margin core brands and businesses and continued spending discipline allowed Perry Ellis International Inc. to deeply reduce its second-quarter loss and lift its earnings expectations for the full year.

The Miami-based firm, which has spent a good part of the past year restructuring operations on the one hand and its corporate governance structure on the other, was able to share some positive news about both its top and bottom lines with the investment community.

For the three months ended Aug. 1, its net loss was reduced to $1.3 million, or 9 cents a diluted share, versus a loss of $1.6 million, or 11 cents, in the 2014 quarter. Eliminating expenses related to exited brands, early extinguishment of debt and losses on long-lived assets, the firm had adjusted net income of $4.8 million, translating to 31 cents a diluted share versus the analyst’ consensus estimate of zero cents.

Revenues exceeded expectations as well, with total revenues rising 4.8 percent to $213.3 million from $203.5 million a year ago. The consensus was for revenues of $203.6 million. Gross margin ascended to 35.6 percent of revenues from 34.6 percent.

Oscar Feldenkreis, president and chief operating officer, noted “solid performance this quarter across all key metrics including sales, gross margin and [earnings before interest, taxes, depreciation and amortization].”

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Among its wholesale businesses he noted strength at Perry Ellis, Original Penguin and Rafaella. Higher-margin businesses, including direct-to-consumer and international, reported sales gains, and Anita Britt, chief financial officer, said currency headwinds translated into about a $2.6 million loss of revenues, about 1 percent of the total.

Based on the second-quarter performance, the company lifted its guidance for full-year earnings per share to a range of $1.78 to $1.85 from its earlier projection of $1.68 to $1.75. Revenue estimates were maintained at between $925 million and $935 million.

Perry Ellis has set a long-term goal of achieving an EBITDA margin of 10 percent, and in the most recent quarter hit 3.6 percent and 4.2 percent on an adjusted basis.

Last year, Britt told analysts, the company reduced its cost of goods sold and selling, general and administrative costs by $12 million.

“We’ve realized year-to-date another $5 million this year,” she said, “ and as we look at some of the initiatives we talking about like the consolidation of our foreign offices, looking at freight negotiations as we go forward, we mentioned on our last call that we saw another $5 million to $6 million kicking in, going into the fourth quarter. So I would say in terms of the overall look of the business, we’re probably a good 75 percent to 80 percent through that.”

In the first half, the company’s net income expanded 32 percent to $8.1 million, or 53 cents a diluted share, as revenues advanced 4.1 percent to $479.7 million.

Shares rose throughout the day, closing at $25.18, up $1.70 or 7.2 percent.

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