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Parlux Q3 profits more than double on record sales

09
Feb '06
US fragrance player Parlux Fragrances Inc has announced results for its third quarter ended December 31, 2005.

The net sales were $56,412,315 compared to $28,748,499 in the same period of the prior year, an increase of 96 percent. Net income more than doubled to $5,996,089 compared to $2,867,746 in the same period of the prior year. Earnings per share on a diluted basis were $0.57 compared to prior-year earnings of $0.27 per share, an increase of 111 percent.

For the nine-month period ended December 31, 2005, net sales were $129,557,942 compared to $74,433,059 in the prior period, an increase of 74 percent. Net income was $14,247,582 compared to $7,433,559 in the same period of the prior year, an increase of 92 percent.

Ilia Lekach, Chairman and CEO said, "Paris Hilton fragrances continued to achieve strong consumer demand. Our GUESS? women's fragrance established a strong sales base in its first holiday season, which will be expanded with the launch of the GUESS? men's fragrance this spring. Perry Ellis fragrance products retain their strength. Perry Ellis remains our largest brand, representing almost half of our total business, and we will be introducing a new "Perry Ellis 18" fragrance in summer 2006.”

Lekach continued, "I am especially pleased that our earnings growth has accelerated. Assuming the acceptance of our new product introductions remain on course and economic conditions stay stable, our previous earnings guidance of $2.00 to $2.20 per share on revenues of approximately $190 million for the fiscal year ending March 31, 2006 should be achieved."


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