• Q3 earnings total US$2.3m
  • Sales grow 30%

Global brand management business Cherokee Global Brands has booked an increase in third-quarter earnings and sales, and says it is exploring expansion in Central Europe.

In the three months ended 1 November, net income totalled US$2.3m, compared with $1.6m a year earlier.

Revenues for the quarter increased 30% to $8.7m, from $6.7m in the prior-year period. This was primarily driven by the Tony Hawk signature brands and continued organic growth of Cherokee branded products internationally.

"Cherokee Global Brands continues to achieve strong growth," said CEO Henry Stupp. "Furthermore, we have already surpassed our full year fiscal 2014 EPS results, generating $0.96 per diluted share for the first nine months of fiscal 2015."

He added: "With unaided consumer awareness of the Cherokee brand in Europe remaining quite high, we are actively exploring other avenues to generate long-term, sustainable growth in the UK and Central Europe. We are currently in advanced negotiations to replace Tesco with other leading retailers in these markets."