Cherokee reports growth in revenue & net income in Q2
08 Sep '05
3 min read
Robert Margolis, Chairman and CEO, said, "Company growth in revenue and net income in the second quarter represented 19th consecutive quarter of revenue and net income growth compared to the prior-year period. They are very pleased with these consistently strong financial results and are equally excited about the many growth opportunities they see ahead for the Cherokee Group."
Company finished the quarter with $10.3 million of cash, $10.7 million of receivables and no debt. In addition they will pay a dividend of $0.55 per share on September 15th, evidencing continued execution of goal of returning profits to shareholders."
Premier clients for the Cherokee brand around the world include Target Stores (U.S.), Tesco (U.K., Ireland and certain other European and Asian countries), Zellers (Canada), Carrefour (selected countries in Europe and South America) and Grupo Aviara (Mexico).
Premier clients for Cherokee's Sideout brand include Mervyn's (U.S.) and Shanghai Bolderway (China), and for Cherokee's Carole Little brands include TJX Companies (U.S., Canada and Europe). Other key clients of Cherokee include Hearst Publications and Solera Capital (U.S.).
marketing@alchempro.com
