Perry Ellis: Q4 and full year preliminary results
For its 2014-2015 financial year closed at the end of January, American group Perry Ellis International is expecting relative stability, with maybe a very slight drop in its revenue. An estimate made based on the provisional data. After generating $912m in sales in 2013-14, the parent company of Perry Ellis, Original Penguin and Farah has announced a slight drop of 2% in its sales, standing at $890m.
For the group, whose fifteen or so brands and production activities for other labels are mostly present in the United States, fluctuations in currency only had a small impact on the annual number. However, this could change in the future. Indeed, Perry Ellis International is trying to develop itself outside of its domestic market. In addition, it has announced that it will be unveiling new licensing agreements in the next few weeks. The group is scheduled to publish its consolidated results at the end of March.
Until then, management has revealed the following preliminary figures for its 2014-15 financial year: revenue between 925 and 935 million dollars, with a gross margin between 34.5 and 34.6%, compared to 34% for the previous year, and an EBTIDA between 55 and 58 million dollars.
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