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Inter Parfums

This article was originally published in The Rose Sheet

Executive Summary

Prestige fragrance sales advanced 64% (45% in constant dollars) during the second quarter on strength of Burberry Tender Touch, S.T. Dupont Essence Pure and Paul Smith Extreme fragrances, firm reports during Aug. 7 analyst call. Launch of Celine Oriental Summer and limited edition Christian Lacroix scents also benefited sales, company adds. Mass market sales grew 21% in constant dollars on acquired Tristar brands as well as Aziza and Intimate, firm says. Net sales were up 50.8% during Q2 to $41.4 mil., while net earnings improved 52.4% to $2.9 mil. Company maintains 2003 net sales projection of $165 mil.-$168 mil. and income of $11.6 mil.-$11.8 mil...
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