New Threads Only:  Add to Google Reader or Homepage
New Threads & Replies:  Add to Google Reader or Homepage
Forums are for serious investors only. GuruFocus Forum Rules.

Forum List » Business News and Headlines
SEC Filings, Earing Reports, Press Releases
New Topic Search
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicSearchLog In
Perry Ellis International Inc. Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: June 6, 2012 12:21PM

Perry Ellis International Inc. (PERY) filed Quarterly Report for the period ended 2012-04-28. Perry Ellis Int has a market cap of $279 million; its shares were traded at around $17.96 with a P/E ratio of 11.1 and P/S ratio of 0.3. Perry Ellis Int had an annual average earning growth of 0.4% over the past 5 years.



Highlight of Business Operations:

Net sales. Men’s Sportswear and Swim net sales for the three months ended April 28, 2012 were $198.4 million, a decrease of $21.8 million, or 9.9%, from $220.2 million for the three months ended April 30, 2011. Net sales decreases came primarily from our planned decrease in Perry Ellis, partially offset by increases in our golf and Axist businesses.

Women’s Sportswear net sales for the three months ended April 28, 2012 were $42.4 million, a decrease of $6.0 million, or 12.4%, from $48.4 million for the three months ended April 30, 2011. Net sales decreased primarily due to our Rafaella sportswear business, partially offset by increases in our contemporary Laundry dress business.

Direct-to-Consumer net sales for the three months ended April 28, 2012 were $18.3 million, an increase of $4.1 million, or 28.9%, from $14.2 million for the three months ended April 30, 2011. The primary reason for the increase is our continued store expansion and our e-commerce platform growth. We also realized positive comparable store increases in our store base.

Gross profit. Gross profit was $87.7 million for the three months ended April 28, 2012, decreasing $9.3 million, or 9.6 %, from $97.0 million for the three months ended April 30, 2011.

The cash provided by operating activities for three months ended April 28, 2012 is primarily attributable to a decrease in inventory of $31.6 million associated with inventory management; offset by an increase in accounts receivable of $29.5 million due to the increase in sales toward the end of the first quarter, and a reduction of our accounts payable and accrued expenses of $7.7 million. As a result of the decrease in inventory for the first quarter of fiscal 2013, our inventory turnover ratio decreased to 3.3 as compared to 3.7 for the comparable quarter in fiscal 2012. The cash used in operating activities for three months ended April 30, 2011 is primarily attributable to an increase in accounts receivable of $52.3 million due to the increase in sales toward the end of the first quarter, an

Read the The complete Report



Stocks Discussed: PERY,
Rate this post:




Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't




Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial