August 05, 2022
The bottom line declined 51% in Q2 to $14,082,000 from $28,774,000, hurt by rising costs, as revenues slipped 5% to $203,819,000 from $213,568,000.
Net income from continuing operations fell 61% in the second quarter to BRL 48,222,000 ($9.2 mm) from BRL 123,926,000, but after adjusting for the Rothy’s acquisition, recurring net income was down just 6% to BRL 113,510,000 from BRL 121,329,000.
The Big Cat will host a “Conference of the People” to discuss the fashion industry’s most pressing sustainability issues, including waste, materials and climate change, in London on Sep. 6 that will be digitally streamed around the world.
Perry Ellis confirmed that its licensee for golf clubs and accessories has shuttered its business due to supply challenges and the adverse economic climate caused by the global pandemic.