Parlux Announces Results for the Quarter Ended June 30, 2008 (Marketwire)

Thursday August 7, 4:58 pm ET FORT LAUDERDALE, FL--(MARKET WIRE)--Aug 7, 2008 -- Parlux Fragrances, Inc. announced today its results for the three months ended June 30, 2008. Net sales were $23,304,180, compared to $31,380,468 in the same period of the prior year, a decrease of 26%. The decline in sales was due to the inability to fill customer orders timely as increased demand for certain key products exceeded forecasted production. Additionally, unanticipated delays in obtaining critical components, particularly plastics and glass, restricted our production capabilities, further delaying shipments. Net loss was $4,882,831, or ($0.24) per share, compared to a loss of $97,628 in the same period of the prior year. The higher loss was due to a combination of the lower sales, due to the inventory shortages, and increased... [read full story]