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Fragrance maker Parlux Q3 revenues jump 95%

10
Jan '06
Florida based leading prestige fragrances manufacturer & international distributor Parlux Fragrances Inc announced that based upon preliminary information, Parlux anticipates reporting record total revenues and record fully diluted earnings per share for the quarter ended December 31, 2005, exceeding analysts' estimates.

Revenues for the third quarter are expected to be in the range of $56 to $57 million, compared to $28.7 million in the prior year, an increase of over 95 percent.

Fully diluted earnings per share for the quarter are expected to be in the range of $0.55 to $0.57 compared to $0.27, an increase of over 100 percent.

Commenting upon the results, Ilia Lekach, Chairman and Chief Executive Officer, said, 'They experienced an outstanding quarter despite the obstacles created early-on by Hurricane Wilma.

Paris Hilton fragrances achieved another stellar holiday season and their Guess fragrance sales helped to fuel top line growth.

Perry Ellis fragrance products remain an important part of their business and they will be introducing a new Perry Ellis 18 fragrance in summer 2006.

It is important to note that their Guess, Paris Hilton, and Maria Sharapova fragrances continue to be launched in a number of international markets and that new offering for their other product lines are planned for the near future.'

Lekach added, 'He is especially pleased that their earnings growth has increased at an evenfaster pace and continue to be optimistic that, assuming the continued acceptance of their products and stable economic conditions, their previous earnings guidance of $2.00 to $2.20 per share for the fiscal year ending March 31, 2006 will be achieved."


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