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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.

 NEW YORK, Aug. 3 /PRNewswire/ -- Jean Philippe Fragrances, Inc. (NASDAQ-NMS: JEAN) reported today record sales and earnings for the second quarter ended June 30, 1993.
 Net sales for the three months ended June 30, 1993, increased to $13.8 million or 53 percent as compared to $9.0 million for the corresponding quarter of the prior year.
 Net income for the three months ended June 30, 1993, increased to $1.2 million or 81 percent as compared to $657,000 for the corresponding quarter of the prior year.
 Net sales for the six months ended June 30, 1993, increased to $25.7 million or 69 percent as compared to $15.2 million for the six months ended June 30, 1992.
 Net income for the six months ended June 30, 1993, increased to $2.1 million or 90 percent as compared to $1.1 million for the six months ended June 30, 1992.
 In announcing the results, Jean Madar, president and chief executive officer, stated: "We are very pleased to once again report continued record growth in sales and earnings. Despite the weakness of the retail sector of the economy, our new product introductions and international expansion continue to be the driving force behind our growth."
 Mr. Madar further stated: "We are very excited about the recently announced acquisitions of worldwide license agreements for the Burberrys and Ombre Rose fragrance lines. The addition of these lines complement our existing international business and open opportunities for upscale domestic distribution. We look forward to these lines contributing to the growth of our company in 1994."
 JEAN PHILIPPE FRAGRANCES, INC.
 Financial Highlights
 Periods ended Three Months Six Months
 June 30 1993 1992 1993 1992
 Net sales $13,803,778 $9,037,182 $25,729,658 $15,248,027
 Cost of sales 7,784,514 4,834,272 14,400,233 8,216,789
 Selling, general &
 administrative 4,078,290 3,037,709 7,768,063 5,140,914
 Income from
 operations 1,940,974 1,165,201 3,561,362 1,890,324
 Other charges
 (income) 70,798 87,612 168,347 108,578
 Income before
 taxes 1,870,176 1,077,589 3,393,015 1,781,746
 Income taxes 683,308 420,785 1,280,482 670,852
 Net income $ 1,186,868 $ 656,804 $ 2,112,533 $ 1,110,894
 Net income
 per share $0.12 $0.08 $0.21 $0.13
 Common and common
 equivalent shares
 outstanding 9,973,000 8,543,000 9,835,000 8,258,000
 -0- 8/3/93
 /CONTACT: Russell Greenberg of Jean Philippe Fragrances,
 212-983-2640/
 (JEAN)


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

GK-SM -- NY070 -- 8975 08/03/93 14:28 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
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