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Perry Ellis International profit beats consensus by 74.4% in fiscal Q1

Perry Ellis International Inc. said its normalized net income for the fiscal first quarter ended May 3 came to 47 cents per share, compared with the S&P Capital IQ consensus estimate of 27 cents per share.

EPS fell 9.0% year over year from 52 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $7.0 million, a decline of 10.8% from $7.9 million in the prior-year period.

The normalized profit margin fell to 2.7% from 3.0% in the year-earlier period.

Total revenue declined on an annual basis to $257.3 million from $262.3 million, and total operating expenses decreased from the prior-year period to $242.3 million from $245.9 million.

Reported net income decreased 31.1% from the prior-year period to $7.8 million, or 52 cents per share, from $11.3 million, or 74 cents per share.