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Last $24.80 USD
Change Today -0.16 / -0.64%
Volume 35.9K
PERY On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

perry ellis international (PERY) Snapshot

Open
$25.02
Previous Close
$24.96
Day High
$25.44
Day Low
$24.75
52 Week High
01/13/15 - $27.00
52 Week Low
05/16/14 - $14.40
Market Cap
380.5M
Average Volume 10 Days
67.2K
EPS TTM
$-2.33
Shares Outstanding
15.3M
EX-Date
12/19/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PERRY ELLIS INTERNATIONAL (PERY)

perry ellis international (PERY) Related Bloomberg News

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perry ellis international (PERY) Details

Perry Ellis International, Inc. designs, sources, markets, and licenses apparel products. It offers men’s wear, such as career and casual sportswear, golf apparel, sports apparel, swimwear, activewear, and accessories; and women’s wear, including dresses, sportswear, swimwear, activewear, and accessories, as well as leather accessories. The company provides its products under various brands comprising Axist, Ben Hogan, Cubavera, Farah, Gotcha, Grand Slam, Jantzen, John Henry, Laundry by Shelli Segal, Manhattan, Original Penguin by Munsingwear, Perry Ellis, Rafaella, and Savane. It also licenses the Callaway Golf, PGA Tour, and Jack Nicklaus brands for golf apparel; the Jag brand for men’s and women’s swimwear and cover-ups; and the Nike brand for swimwear and swimwear accessories, as well as Pro Player and Munsingwear brands. The company distributes its products to wholesale customers, including department stores, national and regional chain stores, mass merchants, specialty stores, sporting goods stores, the corporate wear market, and e-commerce, as well as clubs and independent retailers. As of April 1, 2015, it operated 42 Perry Ellis, 9 Original Penguin, and 3 multi-brand retail outlet stores located primarily in upscale retail outlet malls in the United States, the United Kingdom, and Puerto Rico; and 3 Perry Ellis, 2 Cubavera, and 19 Original Penguin full price retail stores located in upscale demographic markets in the United States and the United Kingdom. The company was formerly known as Supreme International Corporation and changed its name to Perry Ellis International, Inc. in 1999. Perry Ellis International, Inc. was founded in 1967 and is headquartered in Miami, Florida.

2,600 Employees
Last Reported Date: 04/14/15
Founded in 1967

perry ellis international (PERY) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $1.0M
Vice Chairman, President and Chief Operating ...
Total Annual Compensation: $1.8M
Chief Financial Officer and Principal Account...
Total Annual Compensation: $422.5K
President of Sportswear Division
Total Annual Compensation: $519.2K
President of Golf Division
Total Annual Compensation: $447.5K
Compensation as of Fiscal Year 2014.

perry ellis international (PERY) Key Developments

Perry Ellis International, Inc. Announces Redemption of $100 Million of $150 Million Outstanding 7.875% Senior Subordinated Notes Due 2019

On April 6, 2015, Perry Ellis International Inc. elected to call for the partial redemption of $100 million of its $150 million outstanding 7.875% Senior Subordinated Notes due 2019 and a notice of redemption has been sent by U.S. Bank National Association, the trustee for the Notes, to all registered holders of the Notes. The redemption price for the Notes is equal to 103.938% of the principal amount of the Notes, plus accrued and unpaid interest to, but not including, the redemption date, which will be on May 6, 2015. Upon the partial redemption by the Company of the Notes, $50 million of the Notes will remain outstanding.

Perry Ellis International Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended January 31, 2015; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2016; Plans to Consolidate Its Beijing Offices; Announces Expansion Plans

Perry Ellis International Inc. reported unaudited earnings results for the fourth quarter and year ended January 31, 2015. For the quarter, the company’s total revenues were $217,686,000 against $216,079,000 a year ago. Operating loss was $3,608,000 against operating loss of $39,123,000 a year ago. Net income before income tax was $155,000 against net loss before income tax of $42,841,000 a year ago. Net loss was $42,897,000 or $2.90 per diluted share against income of $28,247,000 or $1.91 per diluted share a year ago. Adjusted net income was $1,007,000 or $0.07 per diluted share against $852,000 or $0.06 per diluted share a year ago. EBITDA was $6,830,000 against LBITDA of $35,872,000 a year ago. Adjusted EBITDA was $8,624,000 against $7,877,000 a year ago. For the year, the company’s total revenues were $889,972,000 against $912,224,000 a year ago. Operating income was $22,908,000 against operating loss of $19,369,000 a year ago. Net income before income tax was $8,617,000 against loss of $34,394,000 a year ago. Net loss was $37,175,000 or $2.50 per diluted share against income of $22,779,000 or $1.52 per diluted share a year ago. Adjusted net income was $8,535,000 or $0.38 per diluted share against $5,762,000 or $1.45 per diluted share a year ago. Adjusted EBITDA of $39,757,000 against $34,766,000 a year ago. EBITDA was $35,106,000 against LBITDA of $6,743,000 a year ago. Net debt as on February 1, 2014 was $154 million. For the year, the company generated $55 million in operating cash flow as compared to a source of $220,000 in the prior year. This resulted in cash generation of approximately $3.60 per share. The company reiterated its guidance for fiscal 2016. It expects total revenues to be in the range of $925 to $935 million. Gross margins for fiscal 2016 are expected to expand 50 to 60 basis points to a range of 34.5% to 34.6%. The company expects adjusted EBITDA in the range of $55 to $58 million and EBITDA margin of 6.0% to 6.25%. These projections translate to a range of $1.25 to $1.35 in diluted earnings per share and do not include the impact of the company’s redemption of $100 million in senior subordinated notes. The company is projecting an effective tax rate of 30%. The company anticipates that the interest savings will convert to approximately $0.20 in earnings per share for this fiscal year and $0.25 on a full annualized basis. For the first quarter of fiscal 2016, the company predict adjusted earnings per share in a range of $0.60 to $0.63 compared to $0.65 in prior year. This reflects revenues of approximately $260 million, gross margin expansion to a range of 34.4% to 34.5%, and almost flat expenses on a year-over-year basis. The company has decided to consolidate its Beijing offices into 2 other offices in China, in Guangzhou and Shanghai, as the company continues to prepare for an eventual approval by the U.S. Senate of the Trans-Pacific Partnership Agreement or TPPA. The company also announced that its has few commitments for new store locations in the fiscal year 2016, and is being extremely measured as immediate focus is to drive a stronger four-wall profitability in existing store base. The company also plans to launch 4 new direct shipping sites over the next couple of years.

Perry Ellis International Extends License Agreement with Nike

Perry Ellis International Inc. announced the extension of its license agreement with Nike Inc. where PEI will continue to design, produce, manufacture and distribute men's, women's and children's performance and non-performance swimwear products, including swim gear, in North America. In addition, the agreement has been expanded to include territories globally with immediate expansion into certain countries within Europe, Central and South America.

 

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Industry Analysis

PERY

Industry Average

Valuation PERY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
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