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Inter Parfums

This article was originally published in The Rose Sheet

Executive Summary

Second quarter revenues are estimated to be up 50% to $41.3 mil. on "exceptionally" strong sales of prestige fragrances in North America as well as launches and geographic expansion of Burberry, S.T. Dupont and Paul Smith scents, company reports July 10. In constant dollars, sales will be up 38%. Firm also raises full year guidance, projecting sales will be up 27%-29% to $165 mil.-$168 mil. compared to previous forecast of $150 mil. if the dollar remains at current levels. Net income expected to advance 23%-26% to $11.6 mil.-$11.8 mil., versus prior guidance of $11 mil. Sales in the second half of the year will benefit from launches of Burberry Brit and Diane von Furstenberg fragrance and cosmetics, which has had "stronger" initial orders from retailers than originally anticipated (1"The Rose Sheet" June 23, 2003 p. 6 and 2"The Rose Sheet" June 2, 2003, p. 11)...
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