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Inter Parfums Q1

This article was originally published in The Rose Sheet

Executive Summary

First quarter sales fell 27% to $90.4 mil. due to a difficult comparison with the prior year quarter, when sales benefited from the launch of Burberry The Beat, according to Inter Parfums' April 23 release. Unfavorable exchange rates and the impact of the global economic crisis on discretionary consumer spending also contributed to the decline, the company noted. Inter Parfums affirmed its 2009 net sales guidance of $390 mil., with net income of $21 mil
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