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Parlux first quarter

This article was originally published in The Rose Sheet

Executive Summary

Net sales advance 10% to $19.8 mil. for the period ended June 30 and company recorded $1.1 mil. in net income, compared to loss of $1.7 mil. in prior-year period. The 2001 quarter was negatively impacted by a $2.9 mil. charge for an unrealized loss on an investment. Excluding the charge, net income rose 22% in the recent quarter. Parlux gearing up for launches of Perry Man and Perry Woman fragrances as extensions of firm's Perry Ellis designer portfolio (1"The Rose Sheet" April 15, 2002, p. 6)...



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