Perry Ellis Int'l (PERY) Tops Q2 EPS by 6c, Beats on Revenues; Reiterates FY18 EPS/Revenue Guidance

Perry Ellis Int'l (NASDAQ: PERY) reported Q2 EPS of $0.16, $0.06 better than the analyst estimate of $0.10. Revenue for the quarter came in at $207 million versus the consensus estimate of $204.44 million.

GUIDANCE:

Perry Ellis Int'l sees FY2018 EPS of $2.07-$2.17, versus the consensus of $2.13. Perry Ellis Int'l sees FY2018 revenue of $870-880 million, versus the consensus of $878.39 million.

Key Fiscal Second Quarter 2018 Financial Accomplishments and Operational Highlights:

• Total revenues of $207 million, exceeding guidance of $202 to $205 million and rising 2.5% (3.0% in constant currency) from $202 million reported in the second quarter of fiscal 2017
• GAAP gross margin expanded 40 basis points to 37.0% as compared to 36.6% in the prior year period reflecting increases in margin across core brands
• Adjusted pre-tax income of $3.2 million, rose 116% from adjusted pre-tax income of $1.5 million in the second quarter of fiscal 2017;
• GAAP pre-tax income was $2.7 million compared to a pre-tax loss of $4.4 million in the comparable period of the prior year
• Adjusted diluted EPS of $0.16, exceeded guidance of $0.07 to $0.10 per diluted share, compared to adjusted diluted EPS of $0.15 in the second quarter of fiscal 2017;
• GAAP diluted EPS was $0.06 compared to a diluted EPS loss of $0.24 in the comparable period of the prior year
• First six months, cash flow from operations tops $40 million with net debt to total capitalization of 8.6%

For earnings history and earnings-related data on Perry Ellis Int'l (PERY) click here.

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