Cherokee (CHKE) Misses Q3 EPS by 12c, Beats on Revenues; Offers FY18 Revenue Below Consensus

Cherokee (NASDAQ: CHKE) reported Q3 EPS of ($0.05), $0.12 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $11 million versus the consensus estimate of $9.9 million.

Fiscal 2018 OutlookThe Company is adjusting its previously issued guidance for the fiscal year 2018 ending February 3, 2018 as follows:

• Gross profit is expected to be in the range of $36-38 million.
• Adjusted EBITDA is expected to be in the range of $7-9 million.

Fiscal 2019 Outlook Cherokee Global Brands is providing guidance for the fiscal 2019 year ending February 2nd, 2019 as follows:

• Gross profit is anticipated to be in the range of $33-$37 million.
• Adjusted EBITDA is anticipated to be in the range of $7-9 million

GUIDANCE:

Cherokee sees FY2018 revenue of $36-38 million, versus the consensus of $39.1 million.

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

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