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Perry Ellis International fiscal Q2 loss narrows YOY

Perry Ellis International Inc. said its normalized net income for the fiscal second quarter ended Aug. 2 amounted to a loss of 13 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 12 cents per share.

The per-share loss narrowed 35.7% year over year from 19 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.9 million, compared with a loss of $2.9 million in the prior-year period.

The normalized profit margin rose to negative 0.9% from negative 1.4% in the year-earlier period.

Total revenue declined year over year to $203.5 million from $211.7 million, and total operating expenses declined year over year to $202.9 million from $212.7 million.

Reported net income totaled a loss of $1.6 million, or a loss of 11 cents per share, compared to a loss of $2.9 million, or a loss of 19 cents per share, in the year-earlier period.