Cherokee's net earnings for the three months ended 3 November totalled $3.7m, compared to $3.28m in the year ago period, fuelled by continued growth of its international royalty revenues.

The global licensor and brand management company said that net revenues for the three months ended 3 November totalled $8.9m, compared to revenues of $8.8m in the third quarter of last year.

Cherokee said that this year's third quarter did not include any revenues from Mossimo, which was $0.8m last year's third quarter, because the Mossimo contract was ended during the fourth quarter of fiscal 2007.

Cherokee has introduced a 'World Brand' strategy, it said. Royalty revenues at UK supermarket Tesco were up 25.3% to $3.7m, or 41.6% of its total Third Quarter royalty revenues. The company has also recently agreed new licensees for the Cherokee brand in Chile, Brazil, India, Israel and the Middle East, and is represented in 28 countries.

Robert Margolis, chairman and CEO of Cherokee, said: "We are very proud of the stability and consistency of our financial results, and the strength of our balance sheet. We are well positioned for further revenue growth over the next two years as a result of the launch of the Cherokee brand in various new markets worldwide, and are also confident we will realise greater contributions from our brand representation business."