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Parlux Q1

This article was originally published in The Rose Sheet

Executive Summary

Divestiture of Animale fragrance brand and a reduction in Jockey fragrance sales due to difficult comparison with the year-ago period contributed to 14.5% decline in net sales to $16.9 mil. for the first quarter (ended June 30), Parlux announces Aug. 13. Loss of sales from Animale equaled $1.8 mil., while sales of Jockey fragrances declined $1.1 mil. compared with last year, firm notes. Net income fell 35.7% to $717,344 despite reduced spending due to lower sales and product mix, firm adds. Parlux also markets Perry Ellis and Ocean Pacific fragrances...
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