Apparel, footwear and accessories licensor Cherokee Inc today reported results for the three months (second quarter) and six months ended August 4, 2001 (six months).

Cherokee reported second quarter revenue increased 8.6 per cent to $8.3m from $7.7m in the prior year. Net income increased 14.6 per cent during the quarter to $3.3m from $2.8m last year. Diluted earnings per share increased 14.7 per cent to $0.39 versus $0.34 in the comparable period last year.

The revenue growth was attributable to expanded retail sales of Cherokee and Sideout branded merchandise by the company's nineteen worldwide licensees. Retail sales of Cherokee branded merchandise increased 21.8 per cent during the second quarter to $489.3m and retail sales of Sideout branded merchandise at Mervyn's increased 19.4 per cent to $25.8m.

Revenue generated from the royalty sharing agreement with Mossimo Inc (OTCBB: news) also contributed to second quarter revenue growth.

For the six months, the company reported revenue increased 9.0 per cent to $18.9m compared to $17.3m a year ago. Net income increased 12.2 per cent to $7.9m or $0.95 earnings per diluted share, compared to net income of $7.0 or $0.83 earnings per diluted share last year. For the six months, retail sales of Cherokee branded merchandise increased 19.8 per cent to $951.6m and retail sales of Sideout branded merchandise at Mervyn's increased 12.5 per cent to $45.1m.

The company expects additional growth from Carrefour's launch of the Cherokee brand in select international markets in spring 2002, and will continue to expand the number of brands and product categories it represents.