Perry Ellis International Inc. announced unaudited earnings results for the first quarter ended April 30, 2016. For the quarter, the company reported revenues of $250,875,000 compared to $258,257,000 a year ago. Operating income was $21,683,000 compared to $16,473,000 a year ago. Net income before income taxes was $19,658,000 compared to $12,846,000 a year ago. Net income was $14,250,000 or $0.96 per diluted share compared to $9,411,000 or $0.62 per diluted share a year ago. Net income, as adjusted was $15,173,000 or $1.01 per diluted share compared to $15,077,000 or $0.99 per diluted share a year ago. EBITDA was $25,150,000 compared to $19,795,000 a year ago. EBITDA, as adjusted was $26,073,000 compared to $24,687,000 a year ago.

The company now expects to generate adjusted earnings per share in a range of $1.95 to $2.00 for fiscal 2017, up from previous guidance of $1.90 to $1.95. The company expects revenues in a range of $910 million to $915 million. The company expects gross margins expanding further to a range of $36.2 million to 36.3% and depreciation and amortization to the $15 million. The company expects about $2 in operating cash flow.

For the second quarter of fiscal 2017, the company expects revenues approximating in the range of $195 million to $198 million. The company expects gross margins expanding to 36% for the quarter and adjusted earnings per share approximately breakeven for the quarter.