Parlux
This article was originally published in The Rose Sheet
Executive Summary
Final second quarter results, originally expected the first week of November, will not be released until Nov. 11 due to a power outage in Parlux' Florida-based office and distribution facility caused by Hurricane Wilma, fragrance marketer announces Nov. 1. The company has resumed normal operations and expects to meet previous guidance and holiday commitments. Second quarter sales are expected to be up 74% to approximately $39 mil.-$40 mil., company reported Oct. 6 (1"The Rose Sheet" Oct. 10, 2005, In Brief). Firm anticipates restarting stock buyback program as the hurricane "unreasonably depressed" stock market price. Parlux markets scents including Guess? and Just Me by Paris Hilton...