<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

                                    FORM 10-Q

(Mark One)
(x) Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange
    Act of 1934

For the quarterly period ended September 2, 2000 or


( ) 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   0-6708


                            Nautica Enterprises, Inc.
             (Exact Name of Registrant as Specified in Its Charter)

              Delaware                                     95-2431048
   (State or Other Jurisdiction of                    (I.R.S. Employer
   Incorporation or Organization)                     Identification No.)

   40 West 57th Street, New York, N.Y.                       10019
  (Address of Principal Executive Offices)                (Zip Code)

Registrant's Telephone Number, including Area Code       (212) 541-5757


              (Former Name, Former Address and Former Fiscal Year,
                         if Changed Since Last Report)

         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 90 days.
Yes  X  No ___


                     APPLICABLE ONLY TO ISSUERS INVOLVED IN
                        BANKRUPTCY PROCEEDINGS DURING THE
                              PRECEDING FIVE YEARS

         Indicate by check mark whether the registrant has filed all documents
and reports required to be filed by Section 12, 13, or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a plan
confirmed by a court

Yes ____ No ____


                      APPLICABLE ONLY TO CORPORATE ISSUERS

         The number of shares of Common Stock outstanding as of October 12, 2000
was 31,621,371.
<PAGE>   2
                   NAUTICA ENTERPRISES, INC. AND SUBSIDIARIES

                                SEPTEMBER 2, 2000
                                   (unaudited)




                                      INDEX

<TABLE>
<CAPTION>
                                                                             Page No.
                                                                             --------
<S>                                                                          <C>
Part I - Financial Information:

         Item 1.  Financial Statements (unaudited):

          Condensed Consolidated Balance Sheets
          As at September 2, 2000 and March 4, 2000 ........................    2

          Condensed Consolidated Statements of Earnings
          For the Six and Three Month Periods Ended
            September 2, 2000 and August 28, 1999 ..........................    3

          Condensed Consolidated Statements of Cash Flows
          For the Six Month Periods Ended
            September 2, 2000 and August 28, 1999 ..........................    4

         Notes to Condensed Consolidated Financial Statements ..............    5

         Item 2.  Management's Discussion and Analysis of
                   Financial Condition and Results of Operations ...........    8

         Item 3.  Quantitative and Qualitative Disclosures About Market Risk   11

Part II - Other Information ................................................   12
</TABLE>
<PAGE>   3
                   NAUTICA ENTERPRISES, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                    (amounts in thousands, except share data)



<TABLE>
<CAPTION>
          ASSETS                                                               (unaudited)
                                                                               September 2,         March 4,
                                                                                  2000                2000
                                                                               ------------        ---------
<S>                                                                            <C>                 <C>
Current assets:
  Cash and cash equivalents                                                     $  29,750          $  27,143
  Short-term investments                                                            5,340             33,991
  Accounts receivable - net                                                       108,647             88,784
  Inventories                                                                     103,844             73,879
  Prepaid expenses and other current assets                                         3,811              5,453
  Deferred tax benefit                                                              8,381              8,381
                                                                                ---------          ---------
                              Total current assets                                259,773            237,631

Property, plant and equipment, net of
  accumulated depreciation and amortization                                        80,012             81,674

 Other assets                                                                      15,927             13,808
                                                                                ---------          ---------

                                                                                $ 355,712          $ 333,113
                                                                                =========          =========

          LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable - trade                                                      $  57,989          $  29,048
  Accrued expenses and other current liabilities                                   33,555             30,559
  Income taxes payable                                                             12,369              9,793
                                                                                ---------          ---------
                              Total current liabilities                           103,913             69,400

Stockholders' equity:
  Preferred stock - par value $.01; authorized,
    2,000,000 shares; no shares issued
  Common stock - par value $.10; authorized, 100,000,000 shares; issued
    43,112,000 shares at September 2, 2000 and 42,696,000 shares at
    March 4, 2000                                                                   4,312              4,270
  Additional paid-in capital                                                       67,918             67,559
  Retained earnings                                                               338,552            322,045
                                                                                ---------          ---------
                                                                                  410,782            393,874
  Less:
  Common stock in treasury - at cost;
    11,498,000 shares at September 2, 2000
    and 8,964,000 shares at March 4, 2000                                        (158,983)          (130,161)
                                                                                ---------          ---------
                              Total stockholders' equity                          251,799            263,713
                                                                                ---------          ---------

                                                                                $ 355,712          $ 333,113
                                                                                =========          =========
</TABLE>


The accompanying notes are an integral part of these statements.


                                      -2-
<PAGE>   4
                   NAUTICA ENTERPRISES, INC. AND SUBSIDIARIES
                  CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
                    (amounts in thousands, except share data)



<TABLE>
<CAPTION>
                                                              (unaudited)                                (unaudited)
                                                     Six Months            Six Months          Three Months          Three Months
                                                       Ended                 Ended                 Ended                Ended
                                                 September 2, 2000      August 28, 1999      September 2, 2000      August 28, 1999
                                                 ------------------     ---------------      -----------------      ---------------
<S>                                              <C>                    <C>                  <C>                   <C>
Net Sales                                          $    290,601          $    251,489          $    169,409          $    152,191
Cost of goods sold                                      170,545               145,272                99,534                87,413
                                                   ------------          ------------          ------------          ------------
  Gross profit                                          120,056               106,217                69,875                64,778

Selling, general and administrative expenses             98,232                79,663                50,762                43,424
Net royalty income                                       (3,697)               (2,841)               (1,910)               (1,424)
                                                   ------------          ------------          ------------          ------------
  Operating profit                                       25,521                29,395                21,023                22,778

Other expense                                               (13)                   --                   (13)                   --
Investment income, net                                    1,463                   848                   905                   288
                                                   ------------          ------------          ------------          ------------

Earnings before provision for income taxes               26,971                30,243                21,915                23,066

Provision for income taxes                               10,465                11,855                 8,503                 9,042
                                                   ------------          ------------          ------------          ------------

NET EARNINGS                                       $     16,506          $     18,388          $     13,412          $     14,024
                                                   ============          ============          ============          ============

Net earnings per share of common stock
     Basic                                         $       0.51          $       0.53          $       0.43          $       0.41
                                                   ============          ============          ============          ============
     Diluted                                       $       0.50          $       0.50          $       0.41          $       0.38
                                                   ============          ============          ============          ============

Weighted average number of
  common shares outstanding
     Basic                                           32,054,000            35,002,000            31,415,000            34,599,000
                                                   ============          ============          ============          ============
     Diluted                                         33,302,000            36,963,000            32,538,000            36,745,000
                                                   ============          ============          ============          ============

Cash dividends per common share                        none                  none                  none                  none
                                                   ============          ============          ============          ============
</TABLE>


The accompanying notes are an integral part of these statements.


                                      -3-
<PAGE>   5
                   NAUTICA ENTERPRISES, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                             (amounts in thousands)


<TABLE>
<CAPTION>
                                                                                         (unaudited)
                                                                                Six Months         Six Months
                                                                                   Ended              Ended
                                                                             September 2, 2000   August 28, 1999
                                                                             -----------------   ----------------
<S>                                                                               <C>               <C>
  CASH FLOWS FROM OPERATING ACTIVITIES
  Net earnings                                                                    $ 16,506          $ 18,388
                                                                                  --------          --------
  Adjustments to reconcile net earnings to net cash
    provided by operating activities:
      Deferred income taxes                                                             --              (231)
      Depreciation and amortization                                                 11,202             8,891
      Provision for bad debts                                                          514               603
      Changes in operating assets and liabilities
        Accounts receivable                                                        (20,377)          (12,020)
        Inventories                                                                (29,965)          (14,329)
        Prepaid expenses and other current assets                                    1,642               398
        Other assets                                                                (2,553)           (2,642)
        Accounts payable - trade                                                    28,941             3,994
        Accrued expenses and other current liabilities                               2,996             6,390
        Income taxes payable                                                         2,576             4,700
                                                                                  --------          --------
Total adjustments                                                                   (5,024)           (4,246)
                                                                                  --------          --------

Net cash provided by operating activities                                           11,482            14,142
                                                                                  --------          --------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchase of property, plant and equipment                                         (9,105)          (15,735)
  Sale of short-term investments                                                    28,650            26,201
                                                                                  --------          --------
Net cash provided by investing activities                                           19,545            10,466
                                                                                  --------          --------


CASH FLOWS FROM FINANCING ACTIVITIES
  Principal payments on long-term debt                                                  --              (100)
  Purchase of treasury stock                                                       (28,822)          (29,460)
  Proceeds from issuance of common stock                                               402               339
                                                                                  --------          --------
Net cash used in financing activities                                              (28,420)          (29,221)
                                                                                  --------          --------

Increase/Decrease in cash and cash equivalents                                       2,607            (4,613)

Cash and cash equivalents at beginning of period                                    27,143            15,498
                                                                                  --------          --------

Cash and cash equivalents at end of period                                        $ 29,750          $ 10,885
                                                                                  ========          ========


Supplemental disclosure of cash flow information:

Cash paid during the period for income taxes                                      $  8,048          $  7,135
                                                                                  ========          ========
</TABLE>


The accompanying notes are an integral part of these statements.


                                       -4-
<PAGE>   6
                   NAUTICA ENTERPRISES, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                SEPTEMBER 2, 2000
                                   (unaudited)
                             (amounts in thousands)


NOTE 1 -         The accompanying financial statements have been prepared
            without audit pursuant to the rules and regulations of the
            Securities and Exchange Commission. Certain information and footnote
            disclosures normally included in financial statements prepared in
            accordance with generally accepted accounting principles have been
            condensed or omitted pursuant to such rules and regulations. These
            statements include all adjustments, consisting only of normal
            recurring accruals, considered necessary for a fair presentation of
            financial position and results of operations. The financial
            statements included herein should be read in conjunction with the
            financial statements and notes thereto included in the latest annual
            report on Form 10-K.


NOTE 2 -         The results of operations for the six-month period ended
            September 2, 2000 are not necessarily indicative of the results to
            be expected for the full year.


NOTE 3 -         During the six months ended September 2, 2000, the Company
            changed its presentation of markdowns and promotional allowances
            from a selling expense to a reduction of sales in an effort to be
            consistent with industry-wide reporting practices. In addition, the
            reserve for markdowns and promotional allowances has been
            reclassified from accrued expenses to a reduction of accounts
            receivable. Previously reported amounts have been reclassified to
            conform with the current year's presentation. This change in
            presentation has no impact on operating profit, earnings before
            provision for income taxes or net earnings.


NOTE 4 -         The Company utilized the last-in, first-out "LIFO" method for
            certain wholesale inventories as at September 2, 2000 and March 4,
            2000 and for the six and three month periods ended September 2, 2000
            and August 28, 1999. The "LIFO" inventory for the six month periods
            ended September 2, 2000 and August 28, 1999 are based upon end of
            year estimates. Inventories at September 2, 2000 and March 4, 2000
            consist primarily of finished goods.


NOTE 5 -         The Company has adopted Statement of Financial Accounting
            Standards No. 130 ("SFAS No. 130), "Reporting Comprehensive Income."
            SFAS No. 130 establishes standards for reporting comprehensive
            income and its components in a financial statement. Comprehensive
            income as defined includes all changes in equity during a period
            from non-owner sources, as follows:

<TABLE>
<CAPTION>
                                                         Six             Six           Three           Three
                                                Months Ended    Months Ended    Months Ended    Months Ended
                                                September 2,      August 28,    September 2,      August 28,
                                                        2000            1999            2000            1999
                                                        ----            ----            ----            ----
<S>                                             <C>             <C>             <C>             <C>
              Net earnings                           $16,506         $18,388         $13,412         $14,024
              Changes in unrealized gains
              and losses on securities,
              net of tax                               --               (166)           --               (61)
                                                     -------         -------         -------         -------
                      Comprehensive Income           $16,506         $18,222         $13,412         $13,963
                                                     =======         =======         =======         =======
</TABLE>


                                       -5-
<PAGE>   7
                   NAUTICA ENTERPRISES, INC. AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)
                                SEPTEMBER 2, 2000
                                   (unaudited)
                             (amounts in thousands)


NOTE 6 -         Short-term investments consist primarily of government and
            agency bonds, tax exempt municipal bonds and corporate bonds. These
            marketable securities are classified as trading and are adjusted to
            market value at the end of each accounting period. Unrealized market
            gains and losses, are included in earnings. Realized gains and
            losses on sales of investments are determined on a specific
            identification basis, and are included in earnings. For the six
            months ended September 2, 2000 and August 28, 1999, gross realized
            gains totaled $37 and $21 and gross realized losses totaled $49 and
            $239, respectively. For the three months ended September 2, 2000 and
            August 28, 1999, gross realized gains totaled $37 and $2 and gross
            realized losses totaled $6 and $196, respectively.

            The unrealized net gains which were included in earnings were $207
            as of September 2, 2000 and the unrealized net losses which were
            included in earnings were $470 as of March 4, 2000.


NOTE 7 -         Basic net earnings per share excludes dilution and is computed
            by dividing income available to common shareholders by the
            weighted-average common shares outstanding for the period. Diluted
            net earnings per share reflects the weighted-average common shares
            outstanding plus the potential dilutive effect of options which are
            convertible into common shares. Options which were excluded from the
            calculation of diluted earnings per share because the exercise
            prices of the options were greater than the average market price of
            the common shares and, therefore, would be antidilutive, were
            2,369,700 and 2,436,350 during the six months ended September 2,
            2000 and August 28,1999, respectively.


NOTE 8 -         The Company has adopted Statement of Financial Accounting
            Standards No. 131, "Disclosures about Segments of an Enterprise and
            Related Information," which established reporting and disclosure
            standards for an enterprise's operating segments. Operating segments
            are defined as components of an enterprise for which separate
            financial information is available and regularly reviewed by the
            Company's senior management.

            The Company has the following two reportable segments: Wholesale and
            Retail. The Wholesale segment designs, markets, sources and
            distributes sportswear, activewear, outerwear, a jeans collection, a
            tailored clothing collection, robes and sleepwear for men and a
            jeans collection, and robes and sleepwear for women to retail store
            customers. The Retail segment sells men's apparel and other
            Nautica-branded products primarily through Retail store locations
            directly to consumers.


                                       -6-
<PAGE>   8
                   NAUTICA ENTERPRISES, INC. AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)
                                September 2, 2000
                                   (unaudited)
                             (amounts in thousands)


                  Segment profit is based on earnings before income taxes. The
                  reportable segments are distinct business units and are
                  separately managed with different distribution channels.

<TABLE>
<CAPTION>
                                                                                       All       Corporate/
                                                            Wholesale     Retail       Other     Eliminations     Totals
                                                            ---------     ------       -----     ------------     ------
<S>                                                        <C>           <C>         <C>       <C>              <C>
                  FOR THE SIX MONTHS ENDED
                    SEPTEMBER 2, 2000
                  Net Sales                                  $219,288     $71,313      $  --        $  --        $290,601
                  Earnings (loss) before provisions
                    for income taxes                           16,348       9,948       4,232        (3,557)       26,971
                  Segment Assets                              250,480      42,758       8,457         54,017      355,712
                  Depreciation expense                          9,025         822         161            760       10,768

                  FOR THE SIX MONTHS ENDED
                    AUGUST 28, 1999
                  Net Sales                                  $189,184     $62,305      $  --        $  -         $251,489
                  Earnings (loss) before provisions
                    for income taxes                           23,006       8,126       2,841        (3,730)       30,243
                  Segment Assets                              212,759      45,744       9,267         55,620      323,390
                  Depreciation expense                          7,403         499         219            312        8,433
</TABLE>



<TABLE>
<CAPTION>
                                                                                       All       Corporate/
                                                            Wholesale     Retail       Other     Eliminations     Totals
                                                            ---------     ------       -----     ------------     ------
<S>                                                        <C>           <C>         <C>       <C>              <C>
                  FOR THE THREE MONTHS ENDED
                    SEPTEMBER 2, 2000
                  Net Sales                                  $125,031     $44,378       $  --        $  --       $169,409
                  Earnings (loss) before provisions
                    for income taxes                           13,258       7,730        1,890         (963)       21,915
                  Segment Assets                              250,480      42,758        8,457        54,017      355,712
                  Depreciation expense                          4,641         443           15           401        5,500

                  FOR THE THREE MONTHS ENDED
                    AUGUST 28, 1999
                  Net Sales                                  $113,293     $38,898       $  --       $   --       $152,191
                  Earnings (loss) before provisions
                    for income taxes                           17,807       6,423        1,425       (2,589)       23,066
                  Segment Assets                              212,759      45,744        9,267        55,620      323,390
                  Depreciation expense                          3,733         260          137           156        4,286
</TABLE>


                  In the Corporate/Eliminations column the segment assets
                  primarily consist of the Company's cash and investment
                  portfolio and the segment operating loss consists of corporate
                  expenses offset by investment income earned.


                                      - 7 -
<PAGE>   9
ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS (unaudited)


RESULTS OF OPERATIONS

         During the six months ended September 2, 2000, the Company changed its
presentation of markdowns and promotional allowances from a selling expense to a
reduction of sales in an effort to be consistent with industry-wide reporting
practices. In addition, the reserve for markdowns and promotional allowances has
been reclassified from accrued expenses to a reduction of accounts receivable.
Previously reported amounts have been reclassified to conform with the current
year's presentation. This change in presentation has no impact on operating
profit, earnings before provision for income taxes, or net earnings.


For the Six Months Ended September 2, 2000:

         Net sales increased 15.6% to $290.6 million in the six months ended
September 2, 2000 from $251.5 million in the comparable prior year period. The
increase in sales is due primarily to increased unit volume rather than price
increases. The reported sales reflect a 15.9% increase in the Wholesale segment
to $219.2 million from $189.2 million and a 14.5% increase in the Retail segment
to $71.3 million from $62.3 million. The growth in the Wholesale segment was
driven by sales in new product lines and increases in core sportswear, men's
jeans and men's and ladies sleepwear sales. The overall Retail segment sales
increase is a result of sales from new stores opened since the second quarter of
last year, offset by lower comparable store sales.

         Gross profit for the period was 41.3% compared to 42.2% in the
comparable prior year period. The decrease is due to the impact of lower margins
on new product lines, and markdowns associated with an increase in promotional
activity at retail.

         Total selling, general and administrative expenses ("SG&A") increased
by $18.5 million to $98.2 million in Fiscal 2001 from $79.7 million in Fiscal
2000. SG&A expenses as a percentage of net sales increased to 33.8% from 31.7%
in Fiscal 2001. The increase is principally due to expenses incurred to support
the launch of new product lines.

         Net royalty income increased by $.9 million to $3.7 million from $2.8
million in the comparable prior year period. The increase is primarily due to
the strength in children's apparel, eyewear, and women's swimwear. In addition,
the launch of a new men's fragrance contributed to the growth.

         Investment income increased by $.6 million to $1.4 million from $.8
million in the comparable prior year period. The increase is due to higher rates
of return on investments.

         The provision for income taxes decreased to 38.8% from 39.2% of
earnings before income taxes in the comparable prior year period. The decrease
is due primarily to a reduction in the effective state income tax rates.

         Net earnings decreased 10.2% to $16.5 million from $18.4 million in the
comparable prior year period as a result of the factors discussed above.


                                       -8-
<PAGE>   10
For the Three Months Ended September 2, 2000:


         Net sales increased 11.3% to $169.4 million in the three months ended
September 2, 2000 from $152.2 million in the comparable prior year period. The
increase in sales is due primarily to increased unit volume rather than price
increases. The reported sales reflect a 10.4% increase in the Wholesale segment
to $125.0 million from $113.3 million and a 14.1% increase in the Retail segment
to $44.4 million from $38.9 million. The growth in the Wholesale segment was
driven by sales in new product lines and increases in core sportswear, men's
jeans and men's and ladies sleepwear sales. The overall Retail segment sales
increase is a result of sales from new stores opened since the second quarter of
last year, offset by lower comparable store sales.

         Gross profit for the period was 41.2% compared to 42.6% in the
comparable prior year period. The decrease is due to the impact of lower margins
on new product lines, and markdowns associated with an increase in promotional
activity at retail.

         Total selling, general and administrative expenses increased by $7.3
million to $50.8 million in Fiscal 2001 from $43.4 million in Fiscal 2000. SG&A
expenses as a percentage of net sales increased to 30.0% from 28.5% in Fiscal
2001. The increase is principally due to expenses incurred to support the launch
of new product lines.

         Net royalty income increased by $.5 million to $1.9 million from $1.4
million in the comparable prior year period. The increase is primarily due to
the strength in children's apparel, eyewear, and women's swimwear. In addition,
the launch of a new men's fragrance contributed to the growth.

         Investment income increased by $.6 million to $.9 million from $.3
million in the comparable prior year period. The increase is due to higher rates
of return on investments.

         The provision for income taxes decreased to 38.8% from 39.2% of
earnings before income taxes in the comparable prior year period. The decrease
is due primarily to a reduction in the effective state income tax rates.

         Net earnings decreased 4.4% to $13.4 million from $14.0 million in the
comparable prior year period as a result of the factors discussed above.


                                      - 9 -
<PAGE>   11
LIQUIDITY AND CAPITAL RESOURCES

         During the six months ended September 2, 2000, the Company generated
cash from operating activities of $11.5 million principally from net earnings.
Increases in accounts receivable and inventory of $20.4 and $30.0 million,
respectively, resulted from increased sales, and were financed principally by
cash generated from net earnings, and increases in accounts payable and accrued
expenses. Accounts receivable was 7.7% higher than the same period in the prior
year due to timing of shipments, with a greater percentage occurring in the last
part of the quarter. Inventory was 22.8% higher than the same period in the
prior year due to increased sales and the timing of merchandise received. During
the six months ended August 28, 1999, the Company generated cash from operating
activities of $14.1 million principally from net earnings. Increases in accounts
receivable and inventory of $12.0 and $14.3 million, respectively, resulted from
increased sales, and were financed principally by cash generated from net
earnings, and increases in accounts payable and accrued expenses. Accounts
receivable was 9.2% higher than the same period in the prior year due to timing
of shipments, with a greater percentage occurring in the last part of the
quarter. Inventory was 14.3% lower than the same period in the prior year due to
a shift by retailers in order delivery dates for the holiday season particularly
outerwear.

         During the six months ended September 2, 2000, the Company's principal
investing activities related primarily to the continued expansion of the Nautica
in-store shop program. The Company expects to continue to incur capital
expenditures to expand the in-store shop program, and to open additional Retail
stores. The Company is planning the construction of a new distribution facility,
and is currently evaluating various financing vehicles for the project. At
September 2, 2000, there were no other material commitments for capital
expenditures.

         During the six months ended September 2, 2000, the Board of Directors
authorized the Company to purchase 4,000,000 shares of its common stock. During
such period, the Company purchased 2,533,000 shares of its outstanding common
stock at a cost of $28.8 million.

         The Company has a total of $150.0 million in lines of credit with four
commercial banks available for short-term borrowings and letters of credit.
These lines are collateralized by imported inventory and accounts receivable. At
September 2, 2000 and March 4, 2000, letters of credit outstanding under the
lines were $80.6 million and $50.5 million, respectively, and there were no
short-term borrowings outstanding.

         Historically, the Company has experienced its highest level of sales in
the second and third quarters and its lowest level in the first and fourth
quarters due to seasonal patterns. In the future, the timing of seasonal
shipments may vary by quarter. The Company anticipates that internally generated
funds from operations, existing cash balances, short-term investments and the
Company's existing credit lines will be sufficient to satisfy its cash
requirements.

INFLATION AND CURRENCY FLUCTUATIONS

         The Company believes that inflation and the effect of fluctuations of
the dollar against foreign currencies have not had a material effect on the cost
of imports or the Company's results of operations.


                                      -10-
<PAGE>   12
FORWARD-LOOKING AND CAUTIONARY STATEMENTS

         Certain statements in this Form 10-Q and in future filings by the
Company with the Securities and Exchange Commission, in the Company's press
releases, and in oral statements made by or with the approval of authorized
personnel constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are based on current expectations and are indicated by words such as
"believes," "anticipates," "estimates," and similar words or phrases and involve
known and unknown risks, uncertainties and other factors, which may cause the
actual results or performance of the Company to be materially different from any
future results or performance expressed or implied by such forward-looking
statements. Such risks, uncertainties and factors include, but are not limited
to, the following: the overall level of consumer spending on apparel; dependence
on sales to a limited number of large department store customers; risks related
to extending credit to customers; actions of existing or new competitors and
changes in economic or political conditions in the markets where the Company
sells or sources its products; risks associated with consolidations,
restructurings and other ownership changes in the retail industry; changes in
trends in the market segments in which the Company competes; risks associated
with uncertainty relating to the Company's ability to launch, support and
implement new product lines; and, other risks and uncertainties in the Company's
Securities and Exchange Commission filings, press releases or oral statements.
Readers are urged not to place undue reliance on these forward-looking
statements which speak only as of the date hereof. The Company undertakes no
obligation to republish revised forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.

ITEM 3:  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Disclosure about interest rate risk

              The Company has no long-term debt, and finances capital needs
through available capital, future earnings and bank lines of credit. The
Company's exposure to market risk for changes in interest rates is primarily in
its investment portfolio. The Company, pursuant to investing guidelines,
mitigates exposure by limiting maturity, placing investments with high credit
quality issuers and limiting the amount of credit exposure to any one issuer.
During the six months ended September 2, 2000, the Company earned investment
income of $1.5 million. If interest rates had been 1% lower than they were
during the year, investment income would have been $.3 million lower. The market
risks associated with the investment portfolio exposure has not changed
materially since March 4, 2000.


                                      -11-
<PAGE>   13
                                     PART II

                                OTHER INFORMATION


Items I through 9. - All items are inapplicable except:


Item 4.  Submission of Matters to a Vote of Security-Holders

(a)      The Annual Meeting of Stockholders of Nautica Enterprises, Inc. was
         held on July 6, 2000.

(b)      The directors named in the Proxy Statement constituting the entire
         Board of Directors were elected to one-year terms expiring in 2001, as
         follows:


<TABLE>
<CAPTION>
                                                FOR                  WITHHELD
                                                ---                  --------
<S>                                          <C>                    <C>
          Harvey Sanders                     27,731,938             1,469,393
          David Chu                          27,732,388             1,468,943
          George Greenberg                   29,132,074                69,257
          Robert B. Bank                     29,138,822                62,509
          Israel Rosenzweig                  29,138,174                63,157
          Charles Scherer                    29,005,088               196,243
          John Varvatos                      28,138,372                62,959
          Ronald G. Weiner                   27,731,938             1,469,393
</TABLE>


The Notice of Annual Meeting of Stockholders and Proxy Statement for Nautica
Enterprises, Inc. dated June 6, 2000 was filed with the Securities and Exchange
Commission pursuant to Regulation 14A of the Act.


Item 6.  Exhibits and Reports on Form 8-K

(a)      Exhibit Index

  Exhibit No.                            Distribution

     3(a)             Registrant's By-laws as currently in effect are
                      incorporated herein by reference to Registrant's
                      Registration Statement on Form S-1 (Registration No.
                      33-21998).


     3(b)             Registrant's Restated Certificate of Incorporation is
                      incorporated by reference from the Registrant's Quarterly
                      Report on Form 10-Q for the fiscal quarter ended August
                      31, 1995, as amended by a Certificate of Amendment
                      incorporated by reference from the Registrant's Quarterly
                      Report on Form 10-Q for the quarter ended May 31, 1996.


10(iii)(a)            Registrant's Executive Incentive Stock Option Plan is
                      incorporated by reference herein from the Registrant's
                      Registration Statements on Form S-8 (Registration Number
                      33-1488), as amended by the Company's Registration
                      Statement on Form S-8 (Registration Number 33-45823).


                                     - 12 -
<PAGE>   14
     10(iii)(b)       Registrant's 1989 Employee Incentive Stock Plan is
                      incorporated by reference herein from the Registrant's
                      Registration Statement on Form S-8 (Registration Number
                      33-36040).


     10(iii)(c)       Registrant's 1996 Stock Incentive Plan is incorporated by
                      reference herein from Registrant's Registration Statement
                      on Form S-8 (Registration Number 333-55711).


     10(iii)(d)       Registrant's 1994 Incentive Compensation Plan is
                      incorporated herein from the Registrant's Annual Report on
                      Form 10-K for the fiscal year ended February 28, 1997.


     10(iii)(e)       Registrant's Deferred Compensation Plan is incorporated
                      herein by reference from the Registrant's Annual Report on
                      Form 10-K for the fiscal year ended February 28, 1998.


     10(iii)(f)       Option Agreement and Royalty Agreement, each dated July 1,
                      1987, by and among the Registrant and David Chu are
                      incorporated herein by reference from the Registrant's
                      Registration Statement on Form S-1 (Registration No.
                      33-21998), and letter agreement dated May 1, 1998 between
                      Mr. Chu and the Registrant is incorporated herein by
                      reference from the Registrant's Annual Report on Form 10-K
                      for the fiscal year ended February 28, 1998.


     10(iii)(g)       Employment Agreement, dated October 1, 1999, by and
                      between the Registrant and John Varvatos, and Split Dollar
                      Agreement, dated May 5, 2000, by and between the
                      Registrant and John Varvatos are incorporated herein by
                      reference from the Registrant's Annual Report on Form 10-K
                      for the fiscal year ended March 4, 2000.



     27               Financial Data Schedule



(b)      Reports on Form 8-K.                 None


                                     - 13 -
<PAGE>   15
                                   SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                          NAUTICA ENTERPRISES, INC.




                                          By: s/Harvey Sanders
                                              ---------------------------------
                                                Harvey Sanders
                                                  Chairman of the Board
                                                    and President
Date:  October 12, 2000
     ----------------------------



                                          By: s/Wayne A. Marino
                                              ---------------------------------
                                                Wayne A. Marino
                                                  Senior VP of Administration
                                                    and Chief Financial Officer

Date:  October 12, 2000
     -----------------------------




                                          By: s/Lainie J. Goldstein
                                              ---------------------------------
                                                Lainie J. Goldstein
                                                  Corporate Vice President -
                                                    Financial Controller

Date:  October 12, 2000
     -----------------------------


                                     - 14 -