* Q1 EPS $0.81 vs est $0.60
* Q1 revenue up slightly, below Street View
* Raises FY11 EPS view to $1.45-$1.60
* Sees FY11 rev $775 mln-$795 mln
May 20 Perry Ellis International Inc's (PERY.O)
first-quarter profit beat market expectations, helped by robust
margin growth and a strong men's apparel and accessories
business, prompting the clothing maker to raise its 2011
The company, which sells its brands in department stores
such as Macy's Inc (M.N) and Kohl's Corp (KSS.N), expects 2011
earnings of between $1.45 and $1.60 a share, compared with its
prior range of $1.25 a share to $1.40 a share.
For the first quarter, Perry Ellis, whose brands include
Laundry by Shelli Segal, Cubavera and Jantzen among others,
posted net income of $11.2 million, or 81 cents a share, up
from $5.8 million, or 46 cents a share, a year earlier.
Gross margin rose to 36 percent from 32 percent in the
Revenue at the Miami-based company rose slightly to $220.3
million, from $220.0 million in the year-ago quarter. Revenue
at the company's men's apparel and accessories businesses was
up 17 percent during the quarter.
Analysts were looking for earnings of 60 cents a share, on
revenue of $230.2 million, according to Thomson Reuters
Shares of the company closed at $22.48 Wednesday on Nasdaq.
(Reporting by Shradhha Sharma in Bangalore; Editing by