Perry Ellis International (PERY) Releases Earnings Results, Beats Expectations By $0.14 EPS

Perry Ellis International (PERY) reported quarterly earnings results on Thursday, Aug-18-2016. The company said it had a profit of $0.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $0.01. The company posted revenue of $193.34 million in the period, compared to analysts expectations of $197.63 million. The company’s revenue was down -5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Perry Ellis International closed down -0.16 points or -0.75% at $21.26 with 1,30,508 shares getting traded on Wednesday. Post opening the session at $21.3, the shares hit an intraday low of $21.17 and an intraday high of $21.52 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jul 15, 2016, George Feldenkreis (Executive Chairman) sold 20,000 shares at $22.05 per share price. According to the SEC, on Jul 15, 2016, Oscar Feldenkreis (CEO and President) sold 25,000 shares at $21.97 per share price. On May 31, 2016, John F. Voith (President, Golf Division) sold 3,859 shares at $19.72 per share price, according to the Form-4 filing with the securities and exchange commission.

Perry Ellis International Inc. is an apparel company. The Company designs sources markets and licenses its products nationally and internationally at multiple price points and across retail distribution. The Company’s operating segments include Men’s Sportswear and Swim Women’s Sportswear Direct-to-Consumer and Licensing. The Men’s Sportswear and Swim and Women’s Sportswear segments derive revenues from the design import and distribution of apparel to department stores and other retail outlets across the United States. The Direct-to-Consumer segment derives its revenues from the sale of the Company’s branded and licensed products through the Company’s retail stores and e-commerce platform. The Licensing segment derives its revenues from royalties associated from the use of the Company’s brand names. The Company’s portfolio of brands include Axist Ben Hogan Cubavera Farah Grand Slam Laundry by Shelli Segal Manhattan Perry Ellis Rafaella and Savane among others.

Perry Ellis International

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