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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934 For the Quarter Ended November 29, 1997.
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[_] Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 For the Transition Period
From _____________________ to __________________.
Commission file number 0-18640
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CHEROKEE INC.
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(Exact name of registrant as specified in its charter)
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<S> <C>
Delaware 95-4182437
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(State or other jurisdiction of (IRS employer identification number)
Incorporation or organization)
6835 Valjean Avenue, Van Nuys, CA 91406
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(Address of principal executive offices) Zip Code
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Registrant's telephone number, including area code (818) 908-9868
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Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 60 days. Yes X No
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Indicate by check mark whether the registrant has filed all documents and
reports to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act
of 1934 subsequent to the distribution of securities under a plan confirmed by
the court. Yes X No
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Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Class Outstanding at January 12, 1998
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Common Stock, $.02 par value per share [8,612,657]
<TABLE> <S> <C>
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<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1998
<PERIOD-START> JUN-01-1997
<PERIOD-END> NOV-29-1997
<CASH> 9,315
<SECURITIES> 0
<RECEIVABLES> 2,544
<ALLOWANCES> 0
<INVENTORY> 45
<CURRENT-ASSETS> 12,023
<PP&E> 124
<DEPRECIATION> 55
<TOTAL-ASSETS> 19,782
<CURRENT-LIABILITIES> 541
<BONDS> 0
0
0
<COMMON> 156
<OTHER-SE> 18,335
<TOTAL-LIABILITY-AND-EQUITY> 19,782
<SALES> 6,365
<TOTAL-REVENUES> 6,365
<CGS> 0
<TOTAL-COSTS> 2,015
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 5,004
<INCOME-TAX> (867)
<INCOME-CONTINUING> 5,871
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 5,871
<EPS-PRIMARY> .70
<EPS-DILUTED> .70
</TABLE>
