Fashion brand designer, distributor and licensor Perry Ellis International’s sales growth was not enough to stave off an albeit reduced second quarter loss.
“We are very proud to report solid results for the second quarter of this year. Our ability to continue delivering strong results in this volatile economic environment remains a testament to the strength of our business model, our portfolio of brands, and our dedication to product innovation and delivery. As our wholesale and direct-to-consumer businesses continue to see positive results we look forward to a strong second half of fiscal 2011,” said Oscar Feldenkreis, president and chief operating officer of Perry Ellis International.
Gross margins for the second quarter of fiscal 2011 expanded by 510 basis points to 36.0% compared to 30.9% in the comparable prior year period.
Click here to view the company’s full financial statement.
