Printer Friendly

JEAN PHILIPPE FRAGRANCES REPORTS RECORD 1992 RESULTS: SALES UP 72 PERCENT, NET INCOME UP 130 PERCENT; EPS $0.50 VS $0.27 FOR 1991

 NEW YORK, March 16 /PRNewswire/ -- Jean Philippe Fragrances, Inc. (NASDAQ-NMS: JEAN) reported today record sales and earnings for its fiscal year ended Dec. 31, 1992 and fourth quarter ended Dec. 31, 1992.
 Net sales for the year ended Dec. 31, 1992 increased 72 percent to $43,688,105 from $25,465,092 for the previous year. Net income for fiscal 1992 increased 130 percent to $4,278,373 from $1,862,251 for the previous year.
 Net sales for the three months ended Dec. 31, 1992 increased 72 percent to $13,663,056 from $7,959,751 for the corresponding quarter of the prior year. Net income for the three months ended Dec. 31, 1992 increased 117 percent to $1,403,493 from $648,115 for the corresponding quarter of the prior year.
 In announcing the results, Jean Madar, the president and chief executive officer, stated: "Jean Philippe Fragrance's long-term strategy of building it's core business volume and profitability, developing products in new categories, and pursuing expansion in international markets, have resulted in another record year for the company. Record net sales of $43.7 million and net income of $4.3 million are reflective of the company's dedication to achieving consistent, profitable growth."
 Mr. Madar continued: "We anticipate these strong results to continue into 1993, as we are constantly reviewing our product and marketing strategies. For the first quarter of 1993, we expect record results due to the introduction of our Jordache lip and nail cosmetics line, an expansion of the Jordache fragrance line and the revamping of the Jean Philippe Fragrances alternative designer fragrance line. We will constantly strive to improve our products and marketing techniques, and thus increase stockholder value."
 JEAN PHILIPPE FRAGRANCES, INC.
 Financial Highlights
 Periods ended Three months Years
 Dec. 31 1992 1991 1992 1991
 Net sales $13,663,056 $7,959,751 $43,688,105 $25,465,092
 Cost of sales 8,283,204 4,656,596 24,535,678 14,041,674
 Selling, general
 and administrative 3,478,985 2,171,185 12,479,049 8,229,267
 Income from
 operations 1,900,867 1,131,970 6,673,378 3,194,151
 Other charges (income) (70,053) 209,659 4,087 282,813
 Income taxes 567,427 274,196 2,390,918 1,049,123
 Net income 1,403,493 648,115 4,278,373 1,862,215
 Net income per share 0.15 0.08 0.50 0.27
 Common and common
 equivalent shares
 outstanding 9,440,870 8,533,821 8,641,393 7,020,099
 -0- 3/16/93
 /CONTACT: Russell Greenberg, vice president of finance of Jean Philippe Fragrances, Inc., 212-983-2640/
 (JEAN)


CO: Jean Philippe Fragrances, Inc. ST: New York IN: SU: ERN

LR-OS -- NY030 -- 6544 03/16/93 12:16 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 16, 1993
Words:464
Previous Article:COPLEY ANNOUNCES THE TENTATIVE APPROVAL OF NAPROXEN TABLETS USP
Next Article:NATURAL CHILD CARE EXECUTES TWO LETTERS OF INTENT
Topics:


Related Articles
JEAN PHILIPPE FRAGRANCES REPORTS RECORD SALES AND EARNINGS FOR THE THIRD QUARTER 1991: SALES UP 30 PERCENT, NET INCOME UP 48 PERCENT
JEAN PHILIPPE FRAGRANCES REPORTS RECORD 1991 RESULTS; SALES INCREASE 34 PERCENT, NET INCOME INCREASES 46 PERCENT
JEAN PHILIPPE FRAGRANCES REPORTS RECORD RESULTS FOR FIRST QUARTER 1992; SALES UP 26 PERCENT, EARNINGS UP 82 PERCENT
JEAN PHILIPPE FRAGRANCES REPORTS RECORD RESULTS; EARNINGS PER SHARE FOR SECOND QUARTER 1992: $.12 VS. $.02 FOR 1991; SALES UP 68 PERCENT
JEAN PHILIPPE REPORTS RECORD RESULTS AND THREE-FOR-TWO STOCK SPLIT; EPS FOR THIRD QUARTER 1992 $.31 VS. $.17 FOR 1991
JEAN PHILIPPE FRAGRANCES COMMENTS ON ANALYSTS ESTIMATES: COMPANY CONFIDENT THAT 1993 AND 1994 ESTIMATES CAN BE EXCEEDED
JEAN PHILIPPE FRAGRANCES REPORTS RECORD FIRST QUARTER RESULTS:
JEAN PHILIPPE FRAGRANCES REPORTS RECORD SECOND QUARTER RESULTS -- E.P.S.: $.12 VS. $.08 FOR 1992; SALES UP 53 PCT.; NET INCOME UP 81 PCT.
JEAN PHILIPPE REPORTS RECORD THIRD QUARTER RESULTS: SALES UP 21 PCT, NET INCOME UP 34 PCT; EPS: $0.23 VS $0.21 ON 22 PCT MORE SHARES OUTSTANDING
JEAN PHILIPPE FRAGRANCES REPORTS RECORD FIRST QUARTER RESULTS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters