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Parlux Anticipates Growth

Latest quarter sales increase 2%.

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By: TOM BRANNA

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Parlux Fragrances, Inc. released the latest results for the quarter ended June 30, 2010. Net sales rose 2% to $24.1 million. Frederick E. Purches, chairman and chief executive officer, commented, “We were able to increase our sales in this quarter despite the inclusion of $11.8 million of Guess product sales in the prior year. Although we expect total sales in the next two quarters will be negatively impacted in comparison to the prior year (we ceased selling Guess in December 2009), w...

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