Parlux buoyed by strong performance in US
Parlux Fragrances Inc has announced a 6% increase in preliminary net sales for the quarter ended 31 December 2008. The Florida-based company reported a figure of $47.3m as compared with $44.5m in the same period of 2007. Preliminary net sales for the nine months ended 31 December 2008 were even healthier, increasing approximately 9%.
Parlux Fragrances Inc has announced a 6% increase in preliminary net sales for the quarter ended 31 December 2008. The Florida-based company reported a figure of $47.3m as compared with $44.5m in the same period of 2007. Preliminary net sales for the nine months ended 31 December 2008 were even healthier, increasing approximately 9%.
Chairman and ceo Neil J Katz has attributed the company’s positive results to its strong domestic performance, which compensated for a decrease in international sales. Parlux’s domestic department store net sales for the quarter increased 82% thanks to the popularity of the Jessica Simpson line Fancy and the new Paris Hilton Fairy Dust fragrance.