This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Perry Ellis International Announces Results For First Quarter Of Fiscal 2013

Stocks in this article: PERY

Perry Ellis International, Inc. (NASDAQ:PERY) today reported results for the first quarter ended April 28, 2012 (“first quarter of fiscal 2013”).

Results from Operations

For the first quarter of fiscal 2013, total revenues were $265.5 million compared to $288.3 million reported in the first quarter of fiscal 2012. Revenues were ahead of guidance with increases in several of the Company’s core businesses, including the golf platform distributed through department and mid-tier stores; the direct-to-consumer channel; and Laundry by Shelli Segal dresses. As expected, total revenues for the quarter trailed the prior year, driven by conservative sportswear purchases by department stores following a challenging fall and holiday season.

Oscar Feldenkreis, President & Chief Operating Officer of Perry Ellis International commented, “We are pleased with the results we achieved in the first quarter of fiscal 2013. During the quarter, we made considerable progress toward revitalizing our core brand performance. By implementing major enhancements, we have positioned our Perry Ellis & Rafaella sportswear collections for improved performance in the fall and holiday seasons. While we will maintain a conservative approach to our business, we believe our actions are moving our business in the right direction.”

Gross margin for the first quarter of fiscal 2013 was 33.0% compared to 33.6% in the comparable prior year period. For the quarter gross margin was impacted by 30 basis points due to inventory associated with exited businesses throughout fiscal 2013.

Selling, general, and administrative (“SG&A”) expenses for the first quarter of fiscal 2013 increased $2.9 million to $66.3 million compared to $63.4 million in the comparable prior year period. The increase was primarily associated with the expansion of the Company’s direct to consumer business in the second half of fiscal 2012 and expenses totaling approximately $800 thousand dollars for costs related to exited brands and business process improvements in the first quarter of fiscal 2013.

1 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs