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JEAN PHILIPPE REPORTS RECORD RESULTS AND THREE-FOR-TWO STOCK SPLIT; EPS FOR THIRD QUARTER 1992 $.31 VS. $.17 FOR 1991

JEAN PHILIPPE REPORTS RECORD RESULTS AND THREE-FOR-TWO STOCK SPLIT;
 EPS FOR THIRD QUARTER 1992 $.31 VS. $.17 FOR 1991
 NEW YORK, Nov. 10 /PRNewswire/ -- Jean Philippe Fragrances, Inc. (NASDAQ-NMS: JEAN) reported today record sales and earnings for its third quarter ended Sept. 30, 1992, (sales up 105 percent, net income up 104 percent) and announced that its board of directors has declared a three-for-two stock split for stockholders of record on Nov. 23, 1992, to be distributed on Dec. 9, 1992. The following share and per-share information has not been adjusted to reflect the three-for-two stock split.
 Net sales for the three months ended Sept. 30, 1992, increased 105 percent to $14,777,022 from $7,218,753 for the corresponding quarter of the prior year.
 Net income for the three months ended Sept. 30, 1992 increased 104 percent to $1,763,985 from $863,980 for the corresponding quarter of the prior year.
 Net sales for the nine months ended Sept. 30, 1992 increased 72 percent to $30,025,049 from $17,505,341 for the nine months ended Sept. 30, 1991.
 Net income for the nine months ended Sept. 30, 1992, increased 137 percent to $2,874,880 from $1,214,100 for the nine months ended Sept. 30, 1991.
 In announcing the results, Jean Madar, the president and chief executive officer, stated: "Our company continues to set new heights in sales and earnings as we are first and foremost here to provide an expanding array of quality products to an ever growing group of value- conscious consumers. We are very pleased with the third quarter results in that margins have been maintained, selling general and administrative expenses have continued to decline as a percentage of sales and analysts estimates have been exceeded with respect to sales and earnings."
 Mr. Madar continued: "With our planned introduction of new products during the fourth quarter and the strong backlog of orders in house, we expect to once again be in a position to report record-breaking results for the fourth quarter 1992 as compared to 1991."
 Mr. Madar further stated: "The board of directors believes that the just announced three-for-two stock split will be beneficial to all stockholders. The increase in the number of shares in the marketplace will further facilitate the trading of the company's common stock."
 JEAN PHILIPPE FRAGRANCES, INC.
 Financial Highlights
 Periods ended Three Months Nine Months
 Sept. 30 1992 1991 1992 1991
 Net sales $14,777,022 $7,218,753 $30,025,049 $17,505,341
 Cost of sales 8,035,685 3,543,996 16,252,474 9,385,078
 S,G&A 3,859,150 2,126,871 9,000,064 6,058,082
 Income from opers. 2,882,187 1,547,886 4,772,511 2,062,181
 Other charges
 (income) (34,437) 151,906 74,140 73,154
 Income taxes 1,152,639 532,000 1,823,491 774,927
 Net income 1,763,985 863,980 2,874,880 1,214,100
 Net income per share $0.31 $0.17 $0.52 $0.27
 Com. & com. equiv.
 shares outstdg. 5,729,000 5,161,000 5,580,000 4,426,000
 -0- 11/10/92
 /CONTACT: Russell Greenberg, vice president-finance of Jean Philippe Fragrances, 212-983-2640/
 (JEAN) CO: Jean Philippe Fragrances, Inc. ST: New York IN: HOU SU: ERN


SM-CK -- NY056 -- 9286 11/10/92 12:24 EST
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Date:Nov 10, 1992
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