Cherokee Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 3, 2018; Revises Revenue Guidance for the Fiscal Year Ending February 2, 2019
For the nine months, the company reported revenues of $18,317,000 compared to $22,481,000 a year ago. Operating loss was $525,000 compared to $4,950,000 a year ago. Net loss was $11,731,000 compared to $10,404,000 a year ago. Basic and diluted net income per share from continuing operations was $0.83 compared to $0.81 a year ago. Basic and diluted net loss per share was $0.83 compared to $0.79 a year ago.
The company is narrowing its guidance for the fiscal year ending February 2, 2019. For the year, revenues are anticipated to be in the range of $25.0 to $26.0 million.