Printer Friendly

JEAN PHILIPPE FRAGRANCES REPORTS RECORD FIRST QUARTER RESULTS:

 -- Earnings Per Share: $0.10 Vs. $0.06 For 1992,
 Sales Up 92 Percent, Net Income Up 104 Percent --
 NEW YORK, May 13 /PRNewswire/ -- Jean Philippe Fragrances, Inc. (NASDAQ: JEAN) reported today record sales and earnings for a first quarter.
 Net sales for the three months ended March 31, 1993 increased to $11.9 million or 92 percent as compared to $6.2 million for the corresponding quarter of the prior year.
 Net income for the three months ended March 31, 1993 increased to $926,000 or 104 percent as compared to $454,000 for the corresponding quarter of the prior year.
 On a per share basis, earnings per share reached $0.10 for the three months ended March 31, 1993 compared to $0.06 for the corresponding quarter of the prior year.
 In announcing the results, Jean Madar, the president and chief executive officer, stated: "Our success in the retail environment is evidenced by the increased shelf space we have been awarded for our core products by our current customers. This along with new products and international expansion enabled us to once again report record results."
 Mr. Madar continued: "Our alternative designer and brand name fragrance and cosmetic products bring retailers the higher margins associated with generic or private label products. As we continue to gain greater penetration with our existing mass market retail customers we can expect to continue reporting these record breaking results and continue to increase shareholder value."
 JEAN PHILIPPE FRAGRANCES, INC.
 Financial Highlights
 Three Months Ended March 31, 1993 1992
 Net sales $11,925,880 $6,210,845
 Cost of sales 6,615,719 3,382,517
 Selling, general and administrative 3,689,773 2,103,205
 Total operating expenses 10,305,492 5,485,722
 Income from operations 1,620,388 725,123
 Other charges (income) 97,549 20,966
 Income before taxes 1,522,839 704,157
 Income taxes 597,174 250,067
 Net income $ 925,665 $ 454,090
 Net income per share $0.10 $0.06
 Common and common equivalent
 shares outstanding 9,698,200 7,973,652
 -0- 5/13/93
 /CONTACT: Russell Greenberg, executive vice president of Jean Philippe Fragrances, Inc., 212-983-2640/
 (JEAN)


CO: Jean Philippe Fragrances, Inc. ST: New York IN: HOU SU: ERN 403 05-12-93 19:37 EDT SM-LD -- NY009 -- 7943 05/13/93 09:01 EDT
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:May 13, 1993
Words:389
Previous Article:CABLE COMPANIES, ROCKLAND TEACHERS' CENTER, ROCKLAND BOCES & SUNY UNITE TO BRING "REGENTS REVIEW...LIVE!" TO STUDENTS THROUGHOUT NEW YORK STATE
Next Article:TEXAS INSTRUMENTS ANNOUNCES PARTIAL REDEMPTION OF $2.26 DEPOSITARY SHARES
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 REPORTS RECORD 1992 RESULTS: SALES UP 72 PERCENT, NET INCOME UP 130 PERCENT; EPS $0.50 VS $0.27 FOR 1991
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 FRAGRANCES REPORTS RECORD FIRST QUARTER RESULTS
JEAN PHILIPPE FRAGRANCES REPORTS RECORD FIRST QUARTER RESULTS IN BOTH SALES AND EARNINGS
JEAN PHILIPPE FRAGRANCES REPORTS RECORD FIRST QUARTER RESULTS IN BOTH SALES AND EARNINGS

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