×
240
Fashion Jobs
GOODWEAR FASHIONS
Fresh Trainee Customer Service
Permanent · NEW DELHI
ADIDAS
Manager HR
Permanent · BENGALURU
SV MANAGEMENT CONSULTANTS
dy. Manager/ Shift in Charge - Production - Indore
Permanent · Indore
UNISON INTERNATIONAL CONSULTING
Garment Technician
Permanent · National Capital Region
WAYCOOL FOODS AND PRODUCTS
Area Sales Manager/ Sales Officer
Permanent · Chennai
KENAN MANAGEMENT CONSULTANTS
Regional Sales Manager / Area Sales Manager
Permanent · Chennai
VAMSHA RETAIL VENTURES
Foor Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
VAMSHA RETAIL VENTURES
Branch Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
HERITAGE FOODS
Required Area Sales Manager - Vijayawada @ Heritage Foods Ltd
Permanent · Vijayawada
ACULIFE HEALTHCARE
Job Opportunity For Area Sales Manager @ Aculife Healthcare Pvt Ltd
Permanent · Ludhiana
MACROHIRE
Area Sales Manager - Beverage ll Tirupati
Permanent · Tirupati
SMAP LOGISTICS
Area Sales Manager / Smap Logistics
Permanent · Jaipur
SAKSHAM TECHNOLOGIES
Area Sales Manager- Process Equipment Division
Permanent · Hyderabad
RASHMI GROUP MUMBAI
Sales Managers/ Executives (Real Estate) Location: Vasai
Permanent · Mumbai
SAKSHAM TECHNOLOGIES
Area Sales Manager- Medical Equipment Division
Permanent · Bengaluru
DTDC EXPRESS
Sales Manager
Permanent · National Capital Region
PROMETO CONSULTING
Fmcg Area Sales Manager
Permanent · Coimbatore
RESPICARE SOLUTIONS
Area Sales Manager /Business Development Manager-Kolkata
Permanent · Kolkata
GENIUS CONSULTANTS
we Are Looking For Sales Manager in Reputed Logistic Organization
Permanent · Ahmedabad
RJCUBE STAFFING SOLUTIONS
Senior Garment Technician For Buying House, Noida Sector 59
Permanent · Noida
HIRING PLUS HR SOLUTION
Icici / Sales Manager / Home Loan ,
Permanent · Vadodara
TALENT CORNER HR SERVICES
Production Manager
Permanent · Bhiwandi
Published
Mar 19, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Perry Ellis revenue up, but FY19 guidance lower than expected

Published
Mar 19, 2018

It’s been a strong year for Perry Ellis. Following several consecutive strong quarters, the clothing retailer reported on Thursday a jump in revenue of 2 percent to $875 million, for the fiscal year ended February 3, 2018.


Perry Ellis revenue up, but FY19 guidance misses the mark. - Facebook: Perry Ellis

 
The revenue growth was primarily driven by growth in the company’s core brands, specifically Men's Sportswear and Nike swim.
 
Perry Ellis International, which owns the likes of Perry Ellis, Jantzen and Original Penguin, and holds licensing deals with brands such as Nike, reported net income for fiscal 2018 of $56.7 million, or $3.68 per diluted share.

“We are pleased to continue the positive momentum for our brands and businesses in the final quarter of the year, delivering a double digit increase in total revenue, a 50 basis point expansion in gross margin and continued leverage in expenses which contributed to an almost doubling of GAAP pre- tax earnings compared to the fourth quarter of last year,” said CEO and President Oscar Feldenkreis.
 
“Our ongoing strength continues to validate the success of our strategy and the strong execution of our initiatives by our team with continuous innovation across our powerful global brands leading to strong acceptance of our product offerings around the world.”
 
In the fourth quarter, the company reported revenue of $227 million, an 11.3 percent increase. Meanwhile, fourth-quarter net income was $39.7 million, or $2.56 a diluted share.
 
Feldenkreis noted that sales for the brand were up 9 percent during the quarter with international growth of 33 percent.
 
Though results were close to market expectations, fiscal 2019 guidance was lower than expected.
 
For fiscal 2019, the company currently expects total revenue to be in the range of $855 million to $865 million. Diluted earnings per share are currently expected in the range of $1.80 to $1.90.
 
“We remain excited about our outlook as we begin fiscal 2019 and expect the execution of our strategy along with the disciplined management of expenses and our balance sheet to result in another strong year for Perry Ellis International and its shareholders", said Feldenkreis.  

Copyright © 2023 FashionNetwork.com All rights reserved.