Miami-based Perry Ellis International (asi/77715) reported revenue of $207 million for its second quarter of fiscal 2018, ended July 29.

While the tally was 14.5% less than first quarter fiscal 2018 revenue, Q2 sales were 2.5% higher than last year’s second quarter sales. Furthermore, Q2 2018 revenue exceeded the company’s forecast of $202 to $205 million.

“We delivered strong second quarter results, exceeding both our top and bottom line guidance,” said CEO Oscar Feldenkreis, in a statement. “Our ongoing positive performance demonstrates the power of our core brands, the strong response to our product innovations, and the intense focus with which we direct our resources to deliver.”

The company reports that the year-over-year increase “reflected growth in core brand sales and strong sell-through rates throughout the spring season,” adding that efficient inventory management and increased sales of higher margin core brands led to a 40 basis point expansion in GAAP gross margin to 37%, from 36.6% in the same quarter last year. Adjusted growth margin was also 37% in the second quarter, compared to 36.6% year-over-year.

Meanwhile, adjusted EBITDA was $8.5 million, up from $7.1 million in fiscal Q2 last year, while GAAP diluted earnings per share were $0.06, or $1 million in net income, versus GAAP net loss of $0.24 ($3.6 million) in the prior year period. Adjusted net income per diluted share was $0.16, or $2.5 million, compared to $0.15 ($2.3 million) in the same quarter last year.

For fiscal year 2018, the company will maintain its revenue guidance range of $870 million to $880 million.​