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Parlux Net Sales Increase 96%
Posted: February 9, 2006Parlux Fragrances, Inc. announced net sales for its third quarter—ended December 31, 2005—were $56,412,315 compared to $28,748,499 in the same period of the prior year. 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%.
"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,” said Ilia Lekach, chairman and CEO, Parlux Fragrances. “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."