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PERRY ELLIS INTERNATIONAL, INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2019 10-Q, filed Sep 7, 2018. Its latest SEC filing is a EFFECT from Nov 1, 2018.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Designs and sells men’s sportswear, swimwear and accessories, alongside women’s apparel and accessories, to retailers and shoppers through stores and websites; licenses brands to third parties.

How Did They Make Money?

Wholesale customers buy merchandise when it ships, shoppers buy in stores at purchase, and licensees pay royalties according to their agreements, including guaranteed minimum royalties.

FY2018 revenue

Who Were Their Customers?

Retailers buy merchandise directly on an order-by-order basis; shoppers can also buy through the company’s stores and brand websites, and it sells to corporate-wear distributors.

Customers above 10% of revenue, FY2018
of revenue from two customers (15%, 11%)
FY2017: 23% from two customers

Did Revenues Turn Into Profits?

Yes. It kept 6 cents of every revenue dollar as net income in FY2018.

Operating income, FY2018
5% of revenue
▲ +82% vs FY2017 ($22.5M, 3%)
Net income, FY2018
6% of revenue
▲ +290% vs FY2017 ($14.5M, 2%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q2 FY2019, the three months to Aug 4, 2018
Revenue
▼ −4%
vs $206.6M in Q2 FY2018
Net income
▼ Now a loss
vs $979K in Q2 FY2018
  • Oct 24, 2018 George Feldenkreis completed the acquisition, taking Perry Ellis private Unaffiliated shareholders were to receive $27.50 per share in cash, and the shares ceased trading on Nasdaq.
  • Jul 5, 2018 Interim chief financial officer Jorge Narino became chief financial officer

Held flat. Revenue was $874.9M in FY2018, about the same as the $912.2M of FY2014.

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