Perry Ellis International Reports Fourth Quarter & Full Fiscal 2014 Results
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On a GAAP basis, net loss for fiscal 2014 was $22.8 million, or $1.52 per share compared to GAAP net income of $14.8 million, or $0.97 per diluted share for fiscal 2013. Net loss for fiscal 2014 included $1.91 per share in non-cash impairment costs.
Adjusted earnings per diluted share for fiscal 2014 were $0.38 compared to adjusted earnings per diluted share of $1.45 in fiscal 2013. Adjusted earnings per diluted share exclude the costs mentioned in the attached Table 1 for both fiscal periods. (See reconciliation "Table 1" for a reconciliation of GAAP loss/earnings per diluted share to adjusted earnings per diluted share.)
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