Net income was $3,215,000 against a loss of $5,165,000 in the third quarter ended Oct. 28 on a 3% sales increase to $198,838,000 from $193,959,000 driven by an 8% increase in the core Perry Ellis, Golf, Nike and Original Penguin brands. Last year’s loss included an $8.3 million charge for a pension settlement that did not recur. Also helping profitability was a 60 basis point gross margin expansion to 37.3% on a better mix of higher-margin core brand sales. Golf revenues ... Log in to view full article.