Perry Ellis International Earnings: Everything You Must Know Now

Perry Ellis International Inc. (NASDAQ:PERY) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Perry Ellis International Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.15 in the quarter versus EPS of $0.01 in the year-earlier quarter.

Revenue: Rose 1.08% to $211.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Perry Ellis International Inc. reported adjusted EPS loss of $0.15 per share. By that measure, the company missed the mean analyst estimate of $-0.14. It missed the average revenue estimate of $214.51 million.

Quoting Management: Oscar Feldenkreis, President and Chief Operating Officer, commented, “We are seeing solid progress in our Perry Ellis and Rafaella collection businesses, which is encouraging as we move into the second half of the year. We are pleased with the strength of our brands and their growing lifestyle appeal, which is best evidenced by our licensing revenue increase of 14% for the period. While performance in direct to consumer was disappointing, our inventory and assortments are well positioned moving into the fall and have seen a positive improvement for the month to date.”

Key Stats (on next page)…

Revenue decreased 19.3% from $262.32 million in the previous quarter. EPS decreased to $-0.15 in the quarter versus EPS of $0.62 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.33 to a profit $0.35. For the current year, the average estimate has moved down from a profit of $1.55 to a profit of $1.52 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)