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...
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