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Thursday, May 23, 2024

Cherokee Earnings Flat

After many quarters of dramatic income increases Cherokee Inc. today reported its net earnings for the quarter ended Oct. 29 were flat against the prior period last year on a 5 percent increase in revenues. Cherokee, which licenses and markets brands including Sideout and Carol Little, reported earnings of $3.3 million or $0.37 per share for the period, compared to net income of $3.3 million or $0.38 per share in the year ago period. Revenues for the quarter were $8.4 million, compared to revenues of $8.0 million in the same period last year. Shares in the Van Nuys-based company fell by $1.13 to $36 in afternoon trading.

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