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Article: Perry Ellis International Announces Results for Second Quarter of Fiscal Year 2010.
- Article from:
- Business Wire
- Article date:
- August 19, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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* EPS and EBITDA Ahead of Consensus - Loss of ($0.42) Per Fully Diluted Share and Positive EBITDA of $1.5 Million Compared to Consensus Loss Per Share of ($0.57) and EBITDA Loss of $380,000, Respectively
* Net Loss at $5.3 Million for the Quarter - Slight Improvement over Last Year
* Operating Expenses Down $12.9 Million - 20% below Last Year
* Inventory Reduction of 22% - Disciplined Management Drives Reduction of $30 Million Compared to Last Year
* Strongest Balance Sheet and Liquidity Position in Recent History - $29.5 Million in Cash and Senior Credit Facility Fully Available with No Borrowings at Quarter's End
* Company ...