Cherokee (CHKE) Reports Q2 Earnings; Revenues Decline Year-Over-Year
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Cherokee Inc. (NASDAQ: CHKE) reports Q2 EPS of $0.32 compared to $0.45 for the same period last year. Revenues were $8.1 million, as compared to $10.5 million in the comparable period last year.
This decline was primarily due to lower royalties from our domestic licensees, coupled with a stronger U.S. dollar in the Second Quarter as compared to last year, which resulted in lower U.S. dollar based royalties from our international licensees. [SM]
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