FORT LAUDERDALE, Fla., Oct. 6 /PRNewswire-FirstCall/ -- Parlux Fragrances,
Inc. (Nasdaq: PARL) announced today 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%. 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%.
Commenting on the results, Ilia Lekach, Chairman and Chief Executive
Officer, said, "Our Guess fragrance launch was very successful, and our Paris
Hilton fragrances continue to enjoy outstanding customer demand. We have
reason to be encouraged for the remainder of this fiscal year as it will
include the international roll-out of our Guess products, a new Paris Hilton
fragrance ("Just Me" by Paris Hilton), Paris Hilton watches and handbags, and
international distribution of our Maria Sharapova fragrance. Our Perry Ellis
fragrances remain an integral part of our success and we recently finalized
the development of a new and exciting fragrance ("Perry 18") to be launched in
U.S. department stores in summer 2006 to further strengthen its future." Mr.
Lekach added, "I continue to be optimistic that our 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 our new product launches and
stable economic conditions."
The revenue and earnings per share estimates reported above for the
quarter ended September 30, 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 September 30, 2005 during the
first week in November.
Parlux Fragrances, Inc. is a manufacturer and international distributor of
prestige fragrances and, in addition to Paris Hilton licenses for fragrances,
watches, cosmetics and handbags and other small leather accessories, holds
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, _+1-954-316-9008, ext. 116, or
Frank A. Buttacavoli, ext. 117, both of Parlux
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