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Stock Market & Financial Investment News

News Breaks
June 19, 2014
09:07 EDTPERYPerry Ellis announces license agreement with Flyers Group PLC
Perry Ellis announced that it has entered into a license agreement with Flyers Group PLC granting rights under the Original Penguin brand in Europe, the Middle East and Africa, for boys and girls apparel to include outerwear, T-shirts, polos, sweatshirts, jeans, trousers, shorts, dresses, skirts and specific baby items such as sleepwear and rompers.
News For PERY From The Last 14 Days
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February 20, 2015
10:46 EDTPERYWest Coast dockworkers have not reached labor deal, CNBC reports
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10:11 EDTPERYWest Coast dockworkers reported to strike labor deal, CNBC says
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February 18, 2015
10:42 EDTPERYApparel makers beyond Perry Ellis seen hurt by port slowdown
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09:07 EDTPERYPerry Ellis announces new licensing partnership with Sensual, Inc.
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07:21 EDTPERYPerry Ellis weakness a buying opportunity, says Wunderlich
Wunderlich recommends using the weakness in shares of Perry Ellis after the company announced a "weak" Q4 due to missed initial Spring shipments from the West Coast dock slowdown. The firm believes that almost all apparel companies will be negatively affected by the slowdown. It lowered its price target for shares to $29 from $30 and keeps a Buy rating on the name.
February 17, 2015
18:43 EDTPERYApparel stocks lower after Perry Ellis warns of West Coast port disruption
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18:13 EDTPERYPerry Ellis sees FY16 revenue $925M-$935M, consensus $955.12M
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17:28 EDTPERYPerry Ellis: West Coast port disruption impacts Q4, FY15 revenues by $23M
Perry Ellis International announced that based on its preliminary results for the fourth quarter and full year, the company is providing preliminary fourth quarter results and expected results for the 2015 fiscal year ended January 31, 2015. The announcement of the company's preliminary results was necessitated by the disruption at the West Coast ports, which caused shipments, originally intended for the fourth quarter to be received too late or post year end, thereby impacting sales. The company expects to report fourth quarter and fiscal year 2015 results the week of March 30, 2015. Oscar Feldenkreis, Vice Chairman, President and COO, Perry Ellis commented, "Our brands and businesses performed well during the fourth quarter, which resulted in positive comparable store sales in our direct-to-consumer business with comparable gross margins increased by 11 percent. The Company also saw solid performance in its brands across its retail customers enabling it to meet its profit goals and to reduce markdown assistance from prior year. We are equally encouraged as we transition into spring selling. The benefit of this solid performance was negatively impacted by prolonged port delays and foreign currency exchange. Like companies across industries, we are taking action to overcome the challenges presented by the West Coast ports situation. We have expanded our East Coast logistics pipeline in an effort to improve receipts and the delivery of goods to our retail partners."
16:47 EDTPERYPerry Ellis sees FY15 EPS 50c-53c,may not compare to consensus 94c
Sees FY15 total revenue to approximate $890M, may not compare to consensus $916.35M.
16:44 EDTPERYPerry Ellis sees Q4 EPS 1c-4c, may not compare toconsensus 43c
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