×
314
Fashion Jobs
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Bihat-IV
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Bihpur
ZYDUS WELLNESS
Excellent Opening For Area Sales Manager
Permanent · Indore
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Gujrat)
Permanent · Ahmedabad
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager/Jharkhand
Permanent · Lohardaga
CIEL HR SERVICES PVT LTD
Mechanical Maintenance Manager
Permanent · Coimbatore
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Gujrat)
Permanent · Gandhinagar
EARTH BUDDY
Area Sales Manager
Permanent · Gurugram
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (mp)
Permanent · Bhind
ALUDECOR LAMINATION PVT LTD
Area Sales Manager-Agra
Permanent · Agra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager(Haryana)
Permanent · Sonipat
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Rajasthan)
Permanent · Karauli
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Punjab)
Permanent · Batala
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Himachal) All District
Permanent · Dalhousie
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Uttar Pradesh)
Permanent · Sitapur
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Hojai
Permanent · Hojai
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Haryana)
Permanent · Kurukshetra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Haryana)
Permanent · Rewari
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Uttarakhand)
Permanent · Uttarkashi
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (mp)
Permanent · Morena
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Punjab)
Permanent · Tarn Taran Sahib
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager/up
Permanent · Kushinagar
Published
Mar 24, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Perry Ellis posts 'hit-and-miss' results for fiscal 2017

Published
Mar 24, 2017

Perry Ellis narrowly missed its full year revenue for fiscal 2016, but it did manage to exceed its adjusted EPS guidance.
 
Revenue for the year fell to $861 million from $900 million, which missed the reaffirmed expectation of $885 million to $890 million that was announced in November.


Perry Ellis


The company’s core brands posted a 1.6% increase in revenue, but this was offset by planned reductions of $20 million in exited brands and an $11 million reduction in special market programs.The year was also impacted by unfavorable foreign exchange rates, a decline in women’s shipments, and a shift in wholesale shipments all totaling in $38 million.
 
Adjusted earnings per diluted share were $2.04, exceeding the guidance range of $1.95 to $2.00, and net income on a GAAP basis increased to $14.5 million from $7.3 million. In addition, licensing revenues and favorable product performances contributed to the adjusted gross margin increase of 37.2%.

Fourth quarter total revenue fell 4.7% to $204 million, reflecting a 1.4% increase in men’s business and a 6.2% comparable sales decline. The men’s business, namely Perry Ellis, Golf Lifestyle Apparel and Nike, drove the 150 basis point increase in gross margin.
 
GAAP net income for the quarter increased to $9.0 million from a loss of $17.7 million and adjusted net income per diluted share was $0.66 compared to $0.35 in the prior year’s comparable period.
 
For fiscal 2018, Perry Ellis plans to increase its focus on high growth brands such as Perry Ellis, Original Penguin, Golf Lifestyle and Nike Swim licensed business; strengthen its menswear business through wholesale, retail and licensing; continue its international distribution expansion; and enhance its direct-to-consumer channel that grew 18% during fiscal 2017.
 
The company is expecting its fiscal 2018 total revenues to range from $870 million to $880 million and the adjusted diluted earnings per share to be in range of $2.07 to $2.17.

Copyright © 2021 FashionNetwork.com All rights reserved.