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Friday, Aug 19, 2022
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Cherokee Net Rises

Cherokee Inc. reported net income rose 8.2 percent to $4.4 million or $0.49 per share for the fourth quarter ended January 28, 2006, compared to earnings of $4.0 million or $0.46 per diluted share for the comparable period a year ago. Cherokee, a Van Nuys-based licensing and marketing company, reported revenues increased 16 percent in the quarter to $9.9 million, versus $8.5 million for the fourth quarter of 2005. For the full year, Cherokee reported earnings of $18.3 million or $2.07 per diluted share, on revenues of $42.7 million. That compares with earnings of $17.2 million or $1.97 per share on revenues of $38.9 million last year. Cherokee said that it has begun to market the HouseBeautiful brand to other potential licensees after it completed a buyout of its licensing agreement with May Department Stores Co. The buyout resulted from the acquisition of May by Federated Department Stores.

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