Cherokee Global Brands Reports First Quarter 2020 Financial Results
CHEROKEE (CHKE)
Last cherokee earnings: 12/13 04:05 pm
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Source: GlobeNewswire
First Quarter Fiscal 2020 Highlights versus First Quarter Fiscal 2019: Adjusted EBITDA increased to $1.2 million from $1.0 millionNet loss from continuing operations decreased to $2.3 million from a loss of $2.7 millionRevenues declined to $5.1 million from $5.4 millionSG&A expenses decreased to $3.9 million from $4.4 millionAnnual guidance has been updated for the fiscal year ending February 1, 2020 SHERMAN OAKS, Calif., June 18, 2019 (GLOBE NEWSWIRE) -- Cherokee Global Brands (Nasdaq: CHKE), a global brand marketing platform that manages a growing portfolio of lifestyle brands that it owns, brands that it creates and brands that it elevates for others, today reported financial results for its first quarter of Fiscal 2020, which ended May 4, 2019. Chief Executive Officer Henry Stupp commented, "We have entered a new chapter in our operational model that is highlighted by reducing corporate spend, improving our bottom-line performance and driving revenue growth through our expa
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