Perry Ellis Posts a Mixed Q4, Guidance Inline (PERY)

3/19/2010-Friday, Perry Ellis Int. (NASDAQ: PERY) reported Q4 EPS of $0.64, topping consensus estimates of $0.59.

Revenues for the quarter rose 3% year-over-year to $196.4 million, missing consensus estimates of $198.9 million.

For 2011 the company expects EPS in the range of $1.25 to $1.40 on revenues of $770 million to $790 million, versus consensus estimates for EPS of $1.37 on revenues of $786.4 million.

"We feel that we are past the worst and most severe global economic recession the country and the industry have ever seen, and we are very proud of our fiscal 2010 and fourth quarter earnings. Our performance was driven by the strength of our brands, the continued implementation and execution of all of our growth strategies, and because of the dedication and hard work of all of our associates around the world. All of these factors have ensured that Perry Ellis International will continue to emerge as an industry leader and deliver even better results in the current fiscal year," commented George Feldenkreis, Chairman and Chief Executive Officer.

Write to Chip Brian at cbrian@tradethetrend.com

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