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.
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