Cherokee, Inc. (CHKE) Reports Q2 EPS of $0.19; Acquires Liz Lange Maternity and Completely Me Brands

September 6, 2012 8:36 AM EDT
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Price: $19.11 --0%

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Income before income taxes: 2.97M

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Cherokee, Inc. (NASDAQ: CHKE) reported Q2 EPS of $0.19, versus $0.20 reported last year. Revenue for the quarter came in at $6.3 million, versus $6.7 million reported last year.

The Company has acquired the Liz Lange Maternity and Completely Me brands for an aggregate purchase price of up to $14 million, inclusive of performance based earn-outs.

In connection with the transaction, the Cherokee Group arranged a term loan with JPMorgan Chase Bank to provide financing for the acquisition.

For earnings history and earnings-related data on Cherokee, Inc. (CHKE) click here.

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