Perry Ellis International Reports Fourth Quarter Preliminary Fiscal 2014 Earnings
Fiscal fourth quarter revenues expected to decline 16 percent to approximately $216 million vs. $258 million last year.
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Other Fourth Quarter 2014 Highlights:
- Revenue growth was noted in Original Penguin and Nike performance swim as well as in the international and licensing businesses.
- Gross margins expanded 170 bps for the quarter driven by a higher contribution from licensing revenues and higher margins in the Golf apparel and Rafaella sportswear business.
Fiscal 2015 Outlook
In light of the uncertainty of the retail environment, the Company has executed an infrastructure rationalization to achieve the following goals:
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