Parlux Fragrances (PARL) Reports Preliminary Q2 Sales
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Parlux Fragrances, Inc. (NASDAQ: PARL) announced today that net sales for the quarter ended September 30, 2008 are estimated to be $53 million, a 43% increase over the $37 million reported for same period of the prior year. (Consensus is $48.1 million - only 1 analyst)
Domestic department store net sales for the quarter ended September 30, 2008 exceeded net sales for the same period of the prior year by approximately 190%, while sales to international customers increased approximately 51% during the quarter ended September 30, 2008, as compared to the same period of the prior year.
Sales to its related party, Perfumania, for the six months ended September 30, 2008 were down by approximately 33% from the comparable prior year period, decreasing from $30 million to $20 million.
Parlux Fragrances, Inc. engages in the creation, design, manufacture, distribution, and sale of fragrances and beauty-related products worldwide.[SM]
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