Perry Ellis International Posts Loss In Q4, Adj. EPS Tops View - Quick Facts

(RTTNews) - Perry Ellis International, Inc. (PERY) Thursday reported a loss for the fourth quarter, compared to a profit last year, hit by hefty non-cash write down as well as lower revenues.

Net loss for the quarter was $28.25 million or $1.91 per share compared to profit of $4.39 million or $0.28 per share last year.

The latest results included a $1.94 per share non-cash write down of certain intangible assets, primarily trade names, goodwill and certain store leaseholds. These impairments were the product of the firm's internal review of non-core brands and businesses.

Adjusted net income was $0.06 per share while it totaled $0.50 last year. On average, 6 analysts polled by Thomson Reuters expected earnings of $0.03 per share. Analysts estimates typically exclude special items.

Total revenues declined 16 percent to $216.08 million from $258.35 million in the prior year. Analysts expected revenues of $216.24 million.

Revenues were hurt by inclement weather country wide as well as a cautious consumer. As a result, the company saw a lack of replenishment orders across many of the business platforms.

Further, the company expects total revenues for fiscal 2015 to be in a range of $910 to $920 million and sees adjusted earnings per share in a range of $0.75 to $0.90. Analysts look for earnings of $0.85 per share on revenues of $919.23 million.