Net income in the final quarter ended Feb. 3 more than quadrupled to $39,685,000 from $8,997,000 helped by a $26.8 million tax benefit on sales that gained 11% to $227,316,000 from $204,180,000 driven by strength in men’s sportswear and Nike swim. Royalty revenue gained 12% to $9.6 million. Gross margin expanded 50 basis points to 38.9% on higher sales of Perry Ellis, golf lifestyle apparel and the Nike swim business. PERY’s adjusted EBITDA, which excludes the tax adjustment and other one time items from this year and last, improved to $21,236,000 from $17,110,000.

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