11.04.10
Parlux Fragrances, Inc. announced unaudited results for its second quarter and the six-month period ended Sept. 30, 2010. Net sales for the quarter fell 5% to $38.6 million. The prior year second quarter contained approximately $16.5 million of Guess brand net sales, which are no longer distributed by the company. According to Parlux, with the exclusion of sales of Guess products, there was a decrease of approximately 3% in net sales. Net income for the quarter fell 2% to $1.1 million.
For the six-month period, net sales fell 3% to $62.7 million compared to $80.1 million in the prior year period, which contained approximately $28.1 million of Guess brand net sales. However, excluding Guess, the company’s net sales increased 21% for the six-month period.
For the six-month period, net sales fell 3% to $62.7 million compared to $80.1 million in the prior year period, which contained approximately $28.1 million of Guess brand net sales. However, excluding Guess, the company’s net sales increased 21% for the six-month period.