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Perfumania Holdings, Inc. Reports Perfumania Retail Sales For Fourth Quarter And Fiscal Year 2013

Stocks in this article: PERF

BELLPORT, N.Y., Feb. 6, 2014 (GLOBE NEWSWIRE) -- Perfumania Holdings, Inc. (Nasdaq:PERF) announced today fourth quarter and fiscal year 2013 retail sales results for Perfumania, one of its wholly-owned subsidiaries which operates specialty retail fragrance stores throughout the United States, Puerto Rico and the U.S. Virgin Islands. Similar to most retailers, the company's 2013 fiscal year ended February 1, 2014 had 52 weeks; the 2012 fiscal year ended February 2, 2013 had 53 weeks.

Perfumania reported total net sales of $97.9 million for the fourth quarter of 2013 (13 weeks) compared with $109.6 million in the fourth quarter of 2012 (14 weeks). For fiscal year 2013 (52 weeks) total net sales were $279.8 million compared with $290.3 million in fiscal year 2012 (53 weeks).

Excluding the last week of fiscal year 2012, comparable store sales for the fourth quarter of 2013 decreased by 7.2% (13 weeks vs. 13 weeks). Comparable store sales for fiscal year 2013 decreased by 2.2% (52 weeks vs. 52 weeks). Comparable store sales measure sales from stores that have been open for one year or more. We exclude stores that are closed for renovation from comparable store sales from the month during which renovation commences until the first full month after reopening.

PERFUMANIA FOURTH QUARTER AND FISCAL YEAR 2013 RETAIL SALES ($'s in $000's):

   FY    FY    FY  
  2013   2012   2011  
    (Decrease)   (Decrease)   Increase
        Increase    
             
Number of Open Stores, January 329 (3.8%) 342 (0.6%) 344  
Fourth Quarter Total Retail Sales $97,893 (10.7%) $109,611 6.9% $102,490  
Year to date January Total Retail Sales $279,808 (3.6%)  $290,290 2.7% $282,646  
             
Comparable store sales excluding the last week of fiscal year 2012            
             
Fourth Quarter Comparable Store Sales   (7.2%)   2.4%   6.9%
             
Year to date January Comparable Store Sales   (2.2%)   0.6%   10.3%
CONTACT: Company Contact:
         
         Michael W. Katz
         President and
         Chief Executive Officer
         Perfumania Holdings, Inc.
         631-866-4156

Perfumania Holdings, Inc. Logo

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