Perry Ellis International Inc announced that, based on preliminary estimates, the Company anticipates that total revenue for its second quarter ended July 31, 2007, will be approximately $195 million compared to $171 million for the second quarter ended July 31, 2006.
This represents an increase of approximately $24 million, or 14% over the Company's total revenues for the prior year period.
George Feldenkreis, Chairman and CEO, commented, "According to our preliminary results, we finished the strongest second quarter in the history of the Company. Based on the positive momentum across all of our business platforms, especially Perry Ellis at department stores and the excellent performance of our other brands, we expect fiscal 2008 to represent a record year for Perry Ellis International."
The Company indicates that based on preliminary results, it expects to beat the current mean estimate on First Call of a loss of $0.15 per share for the second quarter. Final results for second quarter fiscal 2008 are scheduled to be released after the market closes on August 20, 2007.
The Company noted that in celebration of its 40th anniversary, George Feldenkreis, Chairman and CEO, and Oscar Feldenkreis, Vice Chairman, President and COO were preside over the closing bell at 4:00 PM EDT on Wednesday, August 8, 2007.
Perry Ellis International Inc
marketing@alchempro.com
