cherokee inc (CHKE) Key Developments
Cherokee Global Brands Announces License Agreement with Sears Canada Inc
Apr 23 15
Through an exclusive license agreement, effective May 3, 2015, both Cherokee Global Brands and Sears Canada Inc. announced on April 23, 2015, the Liz Lange Maternity and Sportswear. This range includes expanded size ranges to Sears Canada stores and online, beginning with the Spring 2016 selling season.
Cherokee Global Brands Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2015
Apr 17 15
Cherokee Global Brands reported consolidated earnings results for the fourth quarter and full year ended January 31, 2015. For the quarter, the company reported revenues for the fourth quarter increased 18% to $7.5 million, compared with $6.4 million in the prior-year period. The increase in revenues primarily relates to Tony Hawk signature brands and continued organic growth of Cherokee and Liz Lange branded products domestically and internationally. Operating income totaled $2.7 million, an improvement of 89%, compared with $1.4 million in the prior-year period. Net income totaled $1.7 million, or $0.19 per diluted share, compared with $1.0 million, or $0.11 per diluted share, in the prior-year period. Income before income taxes was $2.501 million against $1.280 million a year ago. EBITDA for the fourth quarter totaled $3.1 million, an increase of 74% as compared to $1.8 million in the prior year period.
For year, the company reported revenues increased 22% to $35.0 million, compared with $28.6 million in the prior-year period. Operating income totaled $15.4 million, an improvement of 54%, compared with $10.0 million in the prior-year period. Net income totaled $9.8 million, or $1.15 per diluted share, compared with $6.1 million, or $0.72 per diluted share, in the prior-year period. Income before income taxes was $14.534 million against $9.471 million a year ago. Revenues for the full year improved 22% and EPS increased nearly 60% on a year-over-year basis. For the fiscal year, EBITDA totaled $16.9 million, up 49% from $11.3 million in 2014. Cash flow from operations was $10.4 million for the year compared to $8.6 million for the prior year period. The increase in cash flow from the prior year can be attributed largely to the increase in net income.
Cherokee Seeks Acquisitions
Apr 16 15
Jason Boling, Chief Financial Officer of Cherokee Inc. (NasdaqGS:CHKE) said, "We remain in a strong financial position and as we actively explore additional strategic brand acquisitions."
Cherokee Global Brands Announce New License Agreement with Sports Direct International plc for UK, Ireland, Select European Countries
Apr 7 15
Cherokee Global Brands announced that it has entered into a new license agreement with Sports Direct International plc to launch a broad assortment of Tony Hawk signature clothing and accessories online and in Sports Direct stores throughout Europe this upcoming fall/winter.
Cherokee Inc. to Report Q4, 2015 Results on Apr 16, 2015
Mar 9 15
Cherokee Inc. announced that they will report Q4, 2015 results at 1:30 PM, Pacific Standard Time on Apr 16, 2015