The (Burger) King Has No (Perry Ellis) Clothes
Categories: News
Photo via Political Masks
Burger King reported a profit surge of 42% in its fiscal fourth quarter due to increased sales, but margins are down. High food costs are one reason. Despite the overall gains, shares fell a record 7% yesterday.
Meanwhile Perry Ellis International announced a net loss in the second quarter of $5.4 million. The company also blames higher operating costs, but is optimistic about earnings.
Yadda, yadda, yadda ...numbers. The economy sucks. The good news is everyone is apparently eating more whoppers (because it's all we can afford?) and buying fewer overadvertised, overcool threads.
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