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Inter Parfums preclose Q3

This article was originally published in The Rose Sheet

Executive Summary

Firm's 2003 sales will top $177 mil.-$179 mil., representing a 36%-37% gain over 2002, if the dollar remains at current levels, Inter Parfums says in Oct. 9 third quarter sales and earnings preannouncement. Forecast is up from earlier projected sales of $165 mil.-$168 mil. Net income expected to jump 35%-37% to $12.7 mil.-$12.9 mil., company says. Inter Parfums also predicts aggregate third quarter sales will reach $57 mil., up 53% over the prior-year period. Firm attributes improved performance to launches of Burberry Brit, Diane von Furstenberg Beauty (1"The Rose Sheet" June 23, 2003, p. 6 and 2"The Rose Sheet" June 2, 2003, p. 11). Final Q3 results will be reported Nov. 3...

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Inter Parfums

Fragrance manufacturer improves 2003 financial outlook, with sales now expected to reach $182 mil. on growth of prestige fragrances and initial sales of Burberry Brit, firm says. Estimate is up from previous projection of $177 mil.-$179 mil. (1"The Rose Sheet" Oct. 13, 2003, In Brief). Net income is expected to be $13.4 mil. for the year, versus prior estimate of $12.7 mil.-$12.9 mil. Inter Parfums 2004 sales are projected to be about $206 mil., with net income of approximately $15 mil., assuming the dollar remains at current levels, company says...

Burberry Brit Scent Positioned As Fragrance Icon Of Fashion Brand

Burberry Brit women's fragrance is expected to become the icon scent of the venerable British fashion brand following its summer launch, U.S. distributor Cosmopolitan Cosmetics says

Diane Von Furstenberg Beauty Aims For Multi-Generational Appeal

Diane von Furstenberg is making a comeback in the beauty category with a namesake collection expected to capitalize on the designer's reputation and cross-generational appeal, licensee Inter Parfums said

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