Cherokee Inc. announced consolidated earnings results for the fourth quarter and year ended February 2, 2013. For the year, the company reported royalty revenue of $26,558,000 compared with $25,604,000 for the same period a year ago. Operating income of $11,094,000 compared with $10,658,000 for the same period a year ago. Income before income taxes of $10,872,000 compared with $10,431,000 for the same period a year ago. Net income of $6,833,000 or $0.81 per basic and diluted share compared with $7,510,000 or $0.89 per basic and diluted share for the same period a year ago. Non-GAAP diluted earnings per share were $0.81 against $0.72 a year ago. Cash flow from operations totaled $9.8 million for the year ended February 2, 2013. For the quarter, net revenues were $6.0 million, consistent with the prior-year period. SG&A expenses, which include the amortization of trademarks, totaled $4.3 million, an increase from $3.5 million in the prior-year period. Net income totaled $1.1 million or $0.13 per diluted share, compared with $1.5 million, or $0.18 per diluted share, in the fourth quarter of 2012.

Cherokee Inc., Q4 2013 Earnings Call, Apr 30, 2013

Cherokee Inc. announced that they will report Q4, 2013 results at 5:00 PM, Eastern Standard Time on Apr 30, 2013