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Cherokee Inc (CHKE.OQ)

CHKE.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Cherokee Global Brands Q2 Revenue Fell 10 Pct To $7.1 Mln
Thursday, 13 Sep 2018 04:01pm EDT 

Sept 13 (Reuters) - Cherokee Inc ::CHEROKEE GLOBAL BRANDS REPORTS SECOND QUARTER FISCAL 2019 FINANCIAL RESULTS.Q2 REVENUE FELL 10 PERCENT TO $7.1 MILLION.SEES FY 2019 REVENUE $25 MILLION TO $26.5 MILLION.CHEROKEE - CHEROKEE GLOBAL BRANDS TERMINATED VARIOUS CONSULTING, MARKETING CONTRACTS, WHICH RESULTED IN A ONE-TIME CHARGE OF $5.6 MILLION.NARROWING GUIDANCE FOR FISCAL YEAR 2019.QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.65.CHEROKEE - ON A TRAILING TWELVE MONTH BASIS, COMPANY HAS REDUCED ITS HEADCOUNT BY APPROXIMATELY 35%.SEES FISCAL 2019 SG&A RUN RATE TO APPROXIMATE $16.5 MILLION.  Full Article

Cherokee Global Brands Announces Sale Of Flip Flop Shops To Bearpaw Holdings
Tuesday, 5 Jun 2018 09:00am EDT 

June 5 (Reuters) - Cherokee Inc ::CHEROKEE GLOBAL BRANDS ANNOUNCES SALE OF FLIP FLOP SHOPS TO BEARPAW HOLDINGS.CHEROKEE INC - SALE OF FLIP FLOP SHOPS, ITS FRANCHISE RETAIL CHAIN, TO BEARPAW HOLDINGS, LLC FOR AN UNDISCLOSED AMOUNT.  Full Article

Jeffrey Bronchick Reports 22.1 Pct Stake In Cherokee
Friday, 2 Feb 2018 04:40pm EST 

Feb 2 (Reuters) - Cherokee Inc ::JEFFREY BRONCHICK REPORTS 22.1 PERCENT STAKE IN CHEROKEE INC AS OF FEBRUARY 02 - SEC FILING.JEFFREY BRONCHICK SAYS PURCHASED CHEROKEE SHARES BASED ON BELIEF THAT THE SHARES, WHEN PURCHASED, WERE "UNDERVALUED‍ "​.JEFFREY BRONCHICK SAYS IN CONVERSATIONS WITH CHEROKEE, MADE SUGGESTIONS ON ENHANCING COMPOSITION OF CHEROKEE BOARD - SEC FILING.  Full Article

Cherokee Global Brands Announces Resignation Of Jason Boling As CFO And Appointment Of Steven Brink
Monday, 18 Dec 2017 04:05pm EST 

Dec 18 (Reuters) - Cherokee Inc ::CHEROKEE GLOBAL BRANDS ANNOUNCES RESIGNATION OF JASON BOLING AS CHIEF FINANCIAL OFFICER AND APPOINTMENT OF STEVEN BRINK.- ANNOUNCED RESIGNATION OF JASON BOLING AS CHIEF FINANCIAL OFFICER EFFECTIVE JANUARY 31, 2018, APPOINTMENT OF STEVEN BRINK.SAYS ‍APPOINTMENT OF STEVEN BRINK AS CHIEF FINANCIAL OFFICER OF CHEROKEE GLOBAL BRANDS WILL BE EFFECTIVE JANUARY 2, 2018​.  Full Article

Cherokee Q3 Non-GAAP Loss Per Share $0.05
Wednesday, 6 Dec 2017 10:45am EST 

Dec 6 (Reuters) - Cherokee ::CHEROKEE GLOBAL BRANDS REPORTS THIRD QUARTER FISCAL 2018 FINANCIAL RESULTS.Q3 NON-GAAP LOSS PER SHARE $0.05.Q3 GAAP LOSS PER SHARE $0.18.Q3 REVENUE $11 MILLION.FISCAL 2018 ADJUSTED EBITDA EXPECTED TO BE IN RANGE OF $6 MILLION - $9 MILLION.FISCAL 2018 GROSS PROFIT EXPECTED TO BE IN RANGE OF $34 MILLION - $37 MILLION.SEES FISCAL 2019 GROSS PROFIT IN RANGE OF $34 MILLION - $39 MILLION .SEES ‍FISCAL 2019 ADJUSTED EBITDA IN RANGE OF $7 MILLION - $11 MILLION .  Full Article

Cherokee Global Brands reports Q3 non-gaap loss per share $0.05
Wednesday, 6 Dec 2017 08:00am EST 

Dec 6 (Reuters) - Cherokee Inc ::CHEROKEE GLOBAL BRANDS REPORTS THIRD QUARTER FISCAL 2018 FINANCIAL RESULTS.Q3 NON-GAAP LOSS PER SHARE $0.05.Q3 GAAP LOSS PER SHARE $0.18.Q3 REVENUE $11 MILLION.- FOR FISCAL 2018 ADJUSTED EBITDA IS EXPECTED TO BE IN RANGE OF $7-9 MILLION.- FOR FISCAL 2018 GROSS PROFIT IS EXPECTED TO BE IN RANGE OF $36-38 MILLION.SEES ‍ FISCAL 2019 GROSS PROFIT IS ANTICIPATED TO BE IN RANGE OF $33-$37 MILLION​.SEES ‍FISCAL 2019 ADJUSTED EBITDA IS ANTICIPATED TO BE IN RANGE OF $7-$9 MILLION​.  Full Article

Cherokee Global Brands amends credit facility with Cerberus
Monday, 13 Nov 2017 09:00am EST 

Nov 13 (Reuters) - Cherokee Inc :Cherokee Global Brands amends credit facility with Cerberus.Cherokee Inc - amendment to eliminate obligation to call equity commitments​.Cherokee Inc - ‍special meeting of stockholders that had been called for November 28, 2017 to approve such issuances is expected to be cancelled​.Cherokee Inc says ‍cherokee global brands announced amendment, subject to satisfaction of certain conditions, of its senior secured credit facility​.  Full Article

Cherokee says ‍Cerberus agreed will not exercise rights under Cerberus credit facility solely with respect to events of default through Nov 10
Monday, 30 Oct 2017 06:32am EDT 

Oct 30 (Reuters) - Cherokee Inc :Cherokee says ‍Cerberus agreed will not exercise rights under cerberus credit facility solely with respect to events of default through Nov 10 - SEC Filing.Cherokee Inc - ‍Is working with Cerberus to obtain waiver of events of default, amend terms of Cerberus credit facility during forbearance period​.  Full Article

Cherokee seeks waiver from ‍Cerberus on credit facility
Monday, 16 Oct 2017 06:40am EDT 

Oct 16 (Reuters) - Cherokee Inc :Cherokee says ‍Cerberus has agreed will not exercise rights under Cerberus credit facility solely with respect to events of default through Oct 27​.Cherokee says ‍is working with cerberus for waiver of events of default, amend Cerberus credit facility terms during forbearance period​ - SEC filing.  Full Article

Cherokee has agreed will not exercise rights under credit facility solely with respect to events of default through Oct 13
Friday, 29 Sep 2017 04:19pm EDT 

Sept 29 (Reuters) - Cherokee Inc :Cherokee - ‍Cerberus has agreed will not exercise rights under Cerberus credit facility solely with respect to events of default through Oct 13.Cherokee Inc - ‍Working with Cerberus for waiver of events of default, amend terms of cerberus credit facility during forbearance period - SEC Filing​.  Full Article