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

September 6, 2012 8:36 AM EDT
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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Mergers and Acquisitions

Related Entities

JPMorgan, Earnings

Add Your Comment