Parlux Releases Preliminary Third Quarter Results
09 Gennaio 2006 - 4:19PM
PR Newswire (US)
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. DATASOURCE: Parlux Fragrances, Inc. CONTACT:
Ilia Lekach, ext. 116, or Frank A. Buttacavoli, ext. 117, both of
Parlux Fragrances, Inc., +1-954-316-9008 Web site:
http://www.parlux.com/ Company News On-Call:
http://www.prnewswire.com/comp/674987.html
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