Cherokee's Q1 adjusted EBITDA improves 20 percent

Cherokee Global Brands for its first quarter ended May 5, 2018 reported revenues of 5.4 million dollars compared to 6.8 million dollars, same quarter last year. While adjusted EBITDA increased 20 percent to 1 million dollars, operating loss was 0.2 million dollars compared to a loss of 2.3 million dollars and net loss was 2.7 million dollars or 0.20 dollar per diluted share against 3,529 million dollars or 0.27 dollar last year.