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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Cherokee Revenue And Earnings Up Double-Digits 0 comments
    Sep 13, 2013 10:32 AM | about stocks: CHKE, TGT

    Originally published at www.seclive.com

    Filing in Focus: Cherokee 10-Q, September 12, 2013

    Cherokee Inc. (NASDAQ:CHKE) has announced its financial results for the second quarter of fiscal year 2014, reporting a net revenue increase of 19% from $6.3M to $7.5M. The company attributes its marked increases all-around to higher retail sales of its products in Target (NYSE:TGT) as well as the addition of the Liz Lange brand to its portfolio. Internationally, business has grown into new markets in the Middle East and Southeast Asia, while business in South America continues to extend and increase. Net income was up 19% from last year's $1.6M, or $0.19 earnings per share, to $1.9M, or $0.23 earnings per share. Henry Stupp, Cherokee CEO, remarked that the company continues to perform well and follow its long-term plans as it seeks opportunities to further grow and expand.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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