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The global lifestyle brand marketer saw a year over year net revenue increase of 7.7% to $28.6 million while year over year quarterly revenue increased 6.2% to $6.4 million.
Non GAAP net income for the year was $7.2 million, or 86 cents per share, a 6% year over year increase from the $6.8 million, or $0.81 per share, it posted last year.
Net income for the quarter totaled $1 million, or 11 cents per share, compared to $1.1 million, or 13 cents per share the previous year.
TheStreet Ratings team rates CHEROKEE INC/DE as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CHEROKEE INC/DE (CHKE) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and deteriorating net income."