FORT LAUDERDALE, Fla., Jan. 9 /PRNewswire-FirstCall/ -- Parlux Fragrances,
Inc. (Nasdaq: PARL) announced today 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%. 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%.
Commenting upon the results, Mr. Ilia Lekach, Chairman and Chief Executive
Officer, said, "We experienced an outstanding quarter despite the obstacles
created early-on by Hurricane Wilma. Paris Hilton fragrances achieved another
stellar holiday season and our Guess fragrance sales helped to fuel top line
growth. Perry Ellis fragrance products remain an important part of our
business and we will be introducing a new Perry Ellis 18 fragrance in summer
2006. It is important to note that our Guess, Paris Hilton, and Maria
Sharapova fragrances continue to be launched in a number of international
markets and that new offerings for our other product lines are planned for the
near future." Mr. Lekach added, "I am especially pleased that our earnings
growth has increased at an even faster pace and continue to be optimistic
that, assuming the continued acceptance of our products and stable economic
conditions, our previous earnings guidance of $2.00 to $2.20 per share for the
fiscal year ending March 31, 2006 will be achieved."
Mr. Lekach is scheduled to discuss the Company's operations at the Eighth
Annual ICR XChange Conference to be held in Naples, Florida January 12, 2006.
The revenue and earnings per share estimates reported above for the
quarter ended December 31, 2005 are preliminary and provided merely for
guidance purposes. Final results are subject to possible adjustments as the
Company completes its financial statements. The Company anticipates that it
will issue final results for the quarter ended December 31, 2005 during the
second week of February 2006.
Parlux Fragrances, Inc. is a manufacturer and international distributor of
prestige products. It holds licenses for Paris Hilton fragrances, watches,
cosmetics, handbags and other small leather accessories in addition to
licenses to manufacture and distribute the designer fragrance brands of Perry
Ellis, GUESS?, XOXO, Ocean Pacific (OP), Maria Sharapova, Andy Roddick,
babyGund, and Fred Hayman Beverly Hills.
The Company may periodically release forward-looking statements pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results, performance or
achievements of the Company or its industry to be materially different from
any future results, performance or achievements expressed or implied by such
forward-looking statements. These risks and uncertainties include, among
others, future trends in sales and the Company's ability to introduce new
products in a cost-effective manner. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date
thereof. The Company undertakes no obligation to publicly release the result
of any revisions to these forward-looking statements that may be made to
reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
SOURCE Parlux Fragrances, Inc.
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Related links:
http://www.parlux.com
Company News On-Call:
http://www.prnewswire.com/comp/674987.html
CONTACT:
Ilia Lekach, ext. 116, or Frank A.
Buttacavoli, ext. 117, both of Parlux Fragrances, Inc.,
+1-954-316-9008
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