Perry Ellis International Inc. Announces Unaudited Earnings Results for the First Quarter Ended April 30, 2016; Revises Earnings Guidance for the Fiscal 2017; Provides Earnings Guidance for the Second Quarter of Fiscal 2017
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.