Parlux Q2
This article was originally published in The Rose Sheet
Executive Summary
Excluding impact of prior-year litigation, net income during the second quarter (ended Sept. 30) increased 122.5% to $1.4 mil., attributable largely to extensions of existing brands, fragrance marketer announces Nov. 13. Including prior-year pretax income of $4 mil. related to the settlement, net income decreased 55%. Net sales advanced 1.4% to $18.3 mil., impacted by sale of the Animale and Fred Hayman brands. However, the divestiture of those brands allowed the company flexibility to seek new opportunities, such as recent agreement to distribute GUESS? fragrances, firm points out (1"The Rose Sheet" Nov. 10, 2003, p. 4)...
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