Parlux brands Guess? & Paris Hilton ramp up higher revenues
07 Oct '05
2 min read
Florida based leading prestige fragrances manufacturer & international distributor Parlux Fragrances Inc announced that based upon preliminary information, the Company anticipates reporting record total revenues and fully diluted earnings per share for the quarter ended September 30, 2005.
Revenues for the quarter are expected to approximate between $39 and $40 million, compared to $22.7 million in the prior year comparable period, an increase of approximately 74 percent. Fully diluted earnings per share for the quarter are expected to be in the range of $.39 to $0.41 per share compared to $0.23 per share for the prior comparable quarter, an increase in the range of approximately 70 percent.
Commenting on the results, Ilia Lekach, Chairman and Chief Executive Officer, said, 'Their Guess fragrance launch was very successful, and their Paris Hilton fragrances continue to enjoy outstanding customer demand. They have reason to be encouraged for the remainder of this fiscal year as it will include the international roll-out of their Guess products, a new Paris Hilton fragrance ('Just Me' by Paris Hilton), Paris Hilton watches and handbags, and international distribution of their Maria Sharapova fragrance.
Their Perry Ellis fragrances remain an integral part of their success and they recently finalized the development of a new and exciting fragrance ('Perry 18') to be launched in US. department stores in summer 2006 to further strengthen its future.' Lekach added, 'He continue to be optimistic that their previous guidance of $190 - $210 million in revenues and $2.00 - $2.20 in earnings per share will be achieved, assuming the continued acceptance of their new product launches and stable economic conditions.'