Parlux (PARL) Reports 8% Increase in Q2 Sales
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Parlux Fragrances, Inc. (Nasdaq: PARL) reports Q2 sales of $56.5 million, versus $52.4 million in Q208.
Mr. Neil J. Katz, Chairman and CEO, noted, "We are very pleased that our new product launches have been so positively embraced by both our retail partners and the consumer. The results for the first six months are indicative of our efforts to introduce our new brands while continuing to control our expenses. Our domestic department store business continued to grow during a time when retailers were drastically reducing inventory levels and consumer traffic had significantly declined. We are continuing to work towards securing permanent financing, and believe these results should assist us in that effort."
Mr. Katz continued, "We remain cautiously optimistic that, with our new product launches, we will continue to see positive results during the upcoming holiday season."
The Company anticipates reporting its earnings for the three and six months ended September 30, 2009 during the week of November 2, 2009.
Mr. Neil J. Katz, Chairman and CEO, noted, "We are very pleased that our new product launches have been so positively embraced by both our retail partners and the consumer. The results for the first six months are indicative of our efforts to introduce our new brands while continuing to control our expenses. Our domestic department store business continued to grow during a time when retailers were drastically reducing inventory levels and consumer traffic had significantly declined. We are continuing to work towards securing permanent financing, and believe these results should assist us in that effort."
Mr. Katz continued, "We remain cautiously optimistic that, with our new product launches, we will continue to see positive results during the upcoming holiday season."
The Company anticipates reporting its earnings for the three and six months ended September 30, 2009 during the week of November 2, 2009.
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