Cherokee reports first fiscal quarter income of $2,841,000, or $0.45 per share; results reflect asset sales to capitalize Cherokee brand marking operations; company builds wholesale and retail direct licensing approach.

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Cherokee reports first fiscal quarter income of $2,841,000, or $0.45 per share; results reflect asset sales to capitalize Cherokee brand marking operations; company builds wholesale and retail direct licensing approach.

VAN NUYS, Calif.--(BUSINESS WIRE)--Oct. 16, 1995--Cherokee Inc. (NASDAQ:CHKE) today reported net sales of $10,755,000 and net income of $2,841,000, or $0.45 per share, for the first fiscal quarter ended Sept. 2, 1995.

For the period ended Aug. 27, 1994, Cherokee reported net sales of $26,242,000, and a net loss of ($2,343,000). Per share data is not presented for the period ended Aug. 27, 1994, due to the general lack of comparability as a resul...

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