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By August 24, 2017 0 Comments

Perry Ellis shares jump after earnings beat

Perry Ellis International Inc. joins a slew of other retailers whose shares jumped in Thursday trading after reporting second-quarter results that beat expectations. Perry Ellis shares are up 11%. Its portfolio of brands includes its namesake, Laundry by Shelli Segal and Jantzen, . The company also has licensing deals for Nike Inc. , PGA Tour, and other labels. The clothing, accessories and fragrance company reported net income of $ 979,000, or 6 cents per share, after a loss of $ 3.57 million, or 24 cents per share, for the same period last year. Adjusted EPS of 16 cents beat the FactSet consensus of 10 cents per share. Revenue totaled $ 206.6 million, up from $ 201.7 million last year and ahead of the $ 204.0 million FactSet consensus. Perry Ellis reiterated its fiscal 2018 guidance for revenue in the range of $ 870 million to $ 880 million, and EPS in the range of $ 2.07 to $ 2.17. The FactSet consensus is for revenue of $ 878.5 million and EPS of $ 2.13. Perry Ellis shares are up 4.3% for the last three months, but down 23.1% for the year so far. The S&P 500 index is up 9.3% for 2017 to date.

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