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...