Inter Parfums sales
This article was originally published in The Rose Sheet
Executive Summary
Second quarter net sales advanced 15% to $70.3 mil., but grew 16% at comparable foreign currency exchange rates, Inter Parfums reports July 25. Revenues for the first half of the year were $141.2 mil., running 7% ahead of the same period last year. Company experienced growth across its six largest prestige brands, with Burberry fragrance sales increasing 12% in the first half of the year to about $85 mil., company notes. Paul Smith fragrances also performed well, specifically the original brand scent, the Extreme lines and Paul Smith Floral, firm adds. Inter Parfums reaffirmed full-year guidance estimating net sales will be approximately $301 mil. and net income $16.9 mil. Company will release operating results for the second quarter on or about Aug. 9...