Firm Perry Ellis International (asi/77715) announced its revenue increased 5.4% during the first quarter of its fiscal 2019, continuing a positive trend that’s seen stock gains over the last year. Nonetheless, net income and earnings per share declined during the three-month period ended May 5.

The global apparel company, which operates in the promotional products market through its corporate sales division, said quarterly revenue rose year-over-year to approximately $255 million. Perry Ellis said strong growth in its Golf and Nike Swim channels, along with double-digit increases in comparable store sales in its Direct-to-Consumer channel, fueled the Q1 sales increase. The company did not break out corporate market sales.

Reports indicate that Perry Ellis’ total sales number for the quarter beat estimates. The company’s stock has accelerated 7% since the beginning of the year, and is reportedly up 42% over the last 12 months.

$PERY Perry Ellis a) Still exists b) Just beat the crap out of estimates. $255mm rev vs $231 est. Guides earnings to high end. Somewhere an old man in a very starched white shirt is dancing merrily... pic.twitter.com/Ue4ReaCBlJ

— Jeff Macke (@JeffMacke) May 31, 2018

Perry Ellis reported other bright spots, too. Quarterly gross profit rose from about $91 million during the prior year’s period to $93.8 million. Meanwhile, quarterly adjusted EBITDA totaled $20.8 million, up from $19.9 million in the first quarter of fiscal 2018. Additionally, adjusted pre-tax income was $15.6 million – a jump of 7.6% from $14.5 million in the first quarter of fiscal 2018.

Despite the rises, Perry Ellis’ Q1 net income, as reported under GAAP, registered in at $10.2 million, or $0.66 per diluted share, for the first quarter of 2019. That was down from $12.8 million, or $0.83 per diluted share, the prior year. Similarly, adjusted Q1 net income was $12.1 million, or $0.78 per diluted share, compared to $12.8 million, or $0.83 per diluted share. Tax expenses played a role in causing the declines.

Overall, Perry Ellis executives were pleased with the first quarter performance. “We ended the quarter with a strong balance sheet, which enabled us to retire $50 million of outstanding notes,” said CEO/President Oscar Feldenkreis. “We remain optimistic about our business prospects as we enter the second quarter, and we conservatively plan to hold the full year guidance.”

For fiscal 2019, Perry Ellis currently expects total revenue to be in the range of $855 million to $865 million. The company predicts that diluted earnings per share will end the year in the range of $1.80 to $1.90.