Cherokee (CHKE) Misses Q2 EPS by 5c, Sales Beat

Cherokee (NASDAQ: CHKE) reported Q2 EPS of ($0.05), $0.05 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $14 million versus the consensus estimate of $10.01 million.

Outlook

The Company is updating its previously issued guidance for the fiscal year 2018 ending February 3, 2018 to account for year-to-date performance and its outlook for the remainder of the fiscal year.

The Company now expects gross profit for the full fiscal year to be in the range of $39.0 - $41.0 million, which is inclusive of royalty revenues from the Hi-Tec brand portfolio of approximately $12.0 million and gross profit generated from indirect product sales of approximately $7.0 million. Adjusted EBITDA for the full fiscal year is anticipated to be in the range of $10.0 - $12.0 million. Fiscal 2018 Adjusted EBITDA excludes an estimated $7.0 million in costs primarily related to the integration and acquisition of Hi-Tec and other professional and legal fees that the Company believes are unlikely to recur.

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

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• Lument Finance Trust (LFT) Misses Q2 EPS by 17c
• Eledon Pharmaceuticals, Inc. (ELDN) Misses Q2 EPS by 12c