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Fragrances maker Parlux Q1 sales up 47%

Aug '05
Prestige fragrances, cosmetics and beauty related products manufacturer Parlux Fragrances Inc announced its results for the first quarter ended June 30, 2005.

Net sales increased 47 percent to $33,817,329, as compared to $22,961,203 in the prior year period. The increase was attributable to the continued rollout of Paris Hilton fragrances and the initial shipments of the GUESS? for women fragrance introduction, coupled with an increase in core business.

Net income for the period increased 72 percent, from $2,189,842 to $3,811,623.Fully diluted earnings per share increased from $0.21 per share to $0.36 per share.

Commenting on the results, Mr. Ilia Lekach, Chairman and Chief Executive Officer, said, "The Paris Hilton product introductions continue to be very well received, and the new GUESS? product has surpassed their expectations.”

They have effectively achieved their guidance for the first quarter of fiscal 2006, and remain optimistic that they will achieve their full fiscal year guidance of $190-$210 million in sales, and $2.00-$2.20 in earnings per share, assuming the continued acceptance of their new product launches and stable economic conditions.

Florida based Parlux Fragrances Inc is a producer and international distributor of prestige fragrances and holds the licenses to manufacture and distribute the designer fragrance brands of Perry Ellis, Paris Hilton, GUESS?, XOXO, Ocean Pacific(OP), Maria Sharapova, Andy Roddick, babyGund, and Fred Hayman Beverly Hills. Parlux also recently signed licenses to manufacture and distribute Paris Hilton watches, cosmetics and handbags and other small leather accessories.

Parlux Fragrances Inc

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