USA: Cherokee Q2 Net Revenue Grows 10.4%
Brand licensing group Cherokee Inc has reported a 10.4 per cent rise in second-quarter net revenues, and says it sees many growth opportunities ahead.
Net revenues for the three months ended 30 July increased 10.4 per cent to $11.3 million compared to revenues of $10.2m in the same period last year. Second-quarter net earnings grew 5.5 per cent to $4.6m from $4.3m in 2004.
The company said US royalty revenues rose 3.8 per cent and international royalty revenues increased 24.6 per cent on continued growth in the UK, Ireland and Canada.
Cherokee Inc is a marketer, licensor and manager of a variety of brands it owns and represents.
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