US: Perry Ellis expects narrower Q2 loss
- Estimates Q2 sales up 9% to US$162m
- Loss per share $0.15-0.17
- COO points to reduced lower-margin business
Apparel group Perry Ellis International expects to report a narrower second quarter loss after estimated sales increased 9% on the back of rising retail and wholesale revenues.
“Continuing to execute on our strategy of branded product and reducing our exposure to lower-margin businesses is a key for Perry Ellis International’s long-term success,” said Oscar Feldenkreis, president and COO.
“Allocating resources and focusing on our branded growth platforms, especially Perry Ellis Collection, Golf, Hispanic and Swim, will better position our company to continue on its path of growth and further solidify its position as an industry leader in the men’s apparel arena.”
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