NEW YORK (TheStreet) -- Cherokee Inc. (CHKE) , a marketer and manager of a portfolio of lifestyle brands, reported an increase in fiscal 2015 second quarter net income to $2.3 million, or 27 cents per diluted share, compared to $1.9 million, or 23 cents per diluted share for the year ago period.
Cherokee said its revenue for the most recent quarter grew by 17% to $8.8 million, from $7.5 million in the fiscal 2014 second quarter.
Analysts expected Cherokee to report earnings per share of 28 cents on revenue of $8.8 million.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Separately, TheStreet Ratings team rates CHEROKEE INC/DE as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate CHEROKEE INC/DE (CHKE) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
You can view the full analysis from the report here: CHKE Ratings Report
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